Hello Trader, Similar to the FX:GBPAUD trade setup, here we also have a BULLISH CYPHER PATTERN on FX:GBPNZD that is very close to the completion point. Note that we also have HIDDEN BULLISH DIVERGENCE on the RSI. Keep in mind that only take regular or hidden divergences seriously, once the market starts to BREAK STRUCTURE in the direction of the...
Hello Traders, Here we are getting close to the completion point of HARMONIC ABCD MOVE as well as BULLISH CYPHER PATTERN on FX:GBPAUD . The major trend of this pair has been BULLISH and these two setups provide us with the opportunity to hop on this trend. For some the risk might be too much since the cypher pattern completion point is quite far from the X...
EDIT: I mislabeled the green bullish bat as a bullish crab. In my last post on this pair (see Related Ideas: " UPDATE #1:GBPUSD: Let's Try This AGAIN! Bearish Cypher Completed) I left off with prices having completed the bearish cypher (blue) and starting to retrace back down and hitting TP1 for +48 pips. Admittedly, I had been long up to that cypher and said I...
Since $USDJPY broke out of a daily Triangle above the 120 resistance zone (now support), it rallied 600 pips, decline back to broken structure and bounced back from it, proving that what was resistance is now support. On its second upward wave, $USDJPY formed a bearish Cypher pattern that its PRZ caused a 150 pips decline. The price found support on the 50 SMA...
FINALLY! Can I exhale now? After getting beat up, chewed to bits and spit out by this pair yesterday, I think now I can call a beginning to the wave 3 to be in place. I think. Now to deal with a pesky little matter of a completed bearish cypher.... As I said in my previous post (see Related Ideas: "GBPUSD: Let's Try This AGAIN! Could Wave 2 Be Done Now?"), I am...
FX:EURAUD We have a nice bullish cypher, completion @1.4499 Besides we have nice structure support zone right at X. With you a good trading day.
With great hesitancy, I would say....MAYBE! After being proven wrong a few times already in a span of only 1 day, you can understand why my confidence is not so high. Markets can do that to you. Humble pie tastes bitter. But that does not stop me from getting back up! Failure breeds success! So with that, I present to you my latest masterpiece! Or some might...
Bat pattern already completed at the structure level and potential cypher pattern will be completed also at structure level , for me it's pattern confusion ! , but i think trading bat pattern (after candle confirmation) and putting take profit will be at 0.382 retracement of CD leg and stop loss will be under X with some room this give risk reward ratio 1.4 , i...
Yes, it's pick-your-cypher time. This pair has been on a steady upwards move for a while now and it's time for some relief in the form of a retrace. So these two cyphers may provide that relief before it resumes it's upwards march. If that isn't enough patterns to sway you to SHORT this pair, throw in a POTENTIAL bullish deep crab that ends arond the same level as...
bullish cypher pattern support zone good RR with 2 targets.
I posted about this crab in my last post on this pair. Since then, nothing of any major significance has happened to change my outlook and analysis despite the recent news releases. So I have been just letting this trade work itself out. I do want to update and add a few items of note. 1. A completed bearish cypher 2. retest of the H&S pattern I posted about...
This is a Cypher pattern completion trade. Price is trading side-ward and now retesting previous highs where we see some resistance. Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry. Any thoughts?
Entry-124.666 Stop loss-125.936 First target-123.022 Second target-122.006 Move your stop loss to Entry when firts target hit for risk free trade.
Adding to previous post on the POTENTIAL bullish cypher.....see Related Ideas. This perfect Gartley lends more weight to a retrace happening NOW for a wave (ii) of (v).
In my last post on this pair (see Related Ideas section), I talked about a POTENTIAL bullish crab on the 4HR TF and I also mentioned about possible trade entry to take advantage of the move down the CD leg of this pattern to the D point completion. Well, prices did not EXACTLY follow the path that I thought it might and have started to retrace back towards the B...
Ok, so here's what been happening since my last post on this pair earlier today (see Related Ideas:"ANALYSIS: USDCAD: VERY Bullish But...Why NOT To Be LONG Now! "). The H&S pattern I pointed out has triggered along with a small 2618 pattern. I've added a POTENTIAL Bullish bat pattern that also will complete right near where the POTENTIAL Bullish Cypher will also...
Let's try this again.... So this pair has been just going up and going up and going up! And recently, it has even broken through a long standing resistance dating back 7 years ago! So why not think it's gonna keep going some more? So what to do now? I've been bullish on this pair and even am calling for MUCH MORE upside to come! But wait....is it probable that...
Happy Friday traders! A lot of my radar today but I wanted to focus on the EURUSD since I know that’s a pair that many of you are tracking especially those of you who accepted my challenge from yesterday’s YouTube video. ( www.youtube.com ) Personally I’m still bullish from the Gartley pattern earlier this week, but if I weren’t I’d be all over the bull gartley...