EUR/USD - 4h Chart - Bat & Cypher Pattern
Light Grey - Bat Pattern - D leg completion at 1.1361 - Bearish Pattern
White - Cypher Pattern - D leg completion at 1.0959 - Bullish Pattern
Price broke B leg resistance and is now making a strong move towards the D leg completion of the Bat Pattern, as there is no strong resistance level approaching it is more...
In previous posts, I mentioned about a possible contracting triangle pattern and that prices would decline upon its' completion (see Related Ideas: "UPDATE: TRADE: USDJPY: SELL @124.560 Triangle + 2 Patterns"). Prices did EXACTLY that. After completing the triangle pattern, prices took a nosedive off the E point completion for a nice +123 pips as of this posting....
A large potential Cypher setting up. Completion is at the 123.500 handle with minor structure looking back. Price action previously spiked down to these levels but was rejected the last time it came to 123.500 which could present a good opportunity for the bulls to buy this market up.
Good luck
In my previous post on this pair (see Related Ideas: "ANALYSIS: USDCAD: Setting Up Wave (c) Down (Possilbe 500+ pips)"), I had projected that this wave 4 correction was just starting and could have a potential to yield 500+ pips on a move down. Recent PA has required me to reevaluate that possibility and seek another possible scenario. What you see above in the...
This trade was never triggered because prices did not get back up to the my sell point. In addition, The Bullish perfect Gartley was invalidated as prices moved past the X point of the Gartley. As I did not have any SHORT positions because I missed the entry on the traingle/Wolfe Wave completion, I did not have any positions to close upon the Gartley completion as...
Here we got a potential Cypher patter completion at a long term bull trend, the trend seems to be pulling back and make lower lows beaking structure but now it looks like its gaining strenght again, so lets see if we can catch a good entry on a pullback to enter a trend continuation trade. We only got one target here as the trend direction is kind of unknown at...
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I would love to hear your opinion, feel free to comment, agree or disagree.
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Updating my previous post on this pair, (see Related Ideas: "ANALYSIS: GBPUSD; Has A Wave 3 of 3 Begun? Or Not Yet?"), the two Gartleys that I posted were both invalidated by PA that exceeded both patterns C points. In it's place, it created 2 POTENTIAL bullish cypher patterns instead. Notice also that I have updated my wave count to include the recent new price...
This pair has been consolidating in a contracting triangle pattern that is about to be completed. This triangle pattern would also be a Wolfe Wave completion. There is also 2 harmonic patterns:
1. a POTENTIAL bullish perfect Gartley
2. a POTENTIAL bullish cypher
For the Gartley, the C point of the triangle marks the beginning of the CD leg. For the cypher,...
USDJPY offers three POTENTIAL opportunities:
1. bull gartley (blue) entry @ 123.90
2. bear bat (green) entry @ 125.10
3. bull cypher (light orange) entry @ 123.50
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Rafael
There is Cypher which - when lucky - could go to D point of bat . I will try to take it with great 6:1 risk reward ratio.
Notice - today we will have Reuters/Michigan Consumer Sentiment Index news. The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It...
In my last post on this pair (see Related Ideas: "GBPUSD: BREAKOUT! But be cautious...STOP Sign Up Ahead! "). I talked about the wave C of an ABC corrective pattern having started and that the current wave was only wave 1 of that 5 wave wave C movement up. And that there was a breakout of a small consolidation but that breakout was short-lived because of a pending...
The bearish crab on this pair have now hit both TP1 and TP2 for a combined +171 pips profit. I will now close only 30% of open positions I had opened because of the crab and move stops to the TP1. This way, I will be locking in profits while letting the other 70% run till the bullish cypher is completed (yellow). At that point, I will close the other 70% and look...
The pair bounced off of the last line of defence of the PRZ of the bearish crab @ 2.1418 (3.618% extension) and is heading back to 2.07207 to find support at the 50% correction of 2008. It is possible that this pair will consolidate for a bit between these two levels after several months of trending up.
For now, I have several reasons to long this pair:
- a...
Hello Traders,
Elliot wave - This morning I figured it out this nice impulse move @ EUR/AUD pair followed by a break out and retest @ 1.4866. I started my analysis from there, Now we can see the 5 wave move down which is going to be ABC of wave 2. The question is wave 2 target? We can predict after completion of A & B.
Note : 5 Wave move down not completed yet,...
Good evening traders,
Here is a nice cypher pattern. i missed it but will have a buy order on 1.3477.
Very good risk reward.
Target set between .5 and .618.
Lets see if the price comes back to 1.3477.
Good luck this week.
What to expect, the market presents us with a number of alternatives, but we just have to be on the side of one of them.
Bearish Pattern objective: Short at D
Safe trades;
open.spotify.com
I am already SHORT on this pair from 125.00. I went SHORT after the negative NFP figures came out yet this pair headed up when it should've went down. Not to get into any fundamental reasoning for this kind of PA (it doesn't matter), when I saw this happening, the PA signaled bearish. So I took SHORT position when it hit 125.000 expecting that to be resistance....
