Here we have a Bear Bat with very nice risk-reward. But even if it triggers the SL on this trade, one could only switch to new levels for targets and SL to play the bigger Bear Cypher. Each trade is valid an there is no reason to pass on the second one if thats defined by a strategy. I know the Bat came just shy of 50% with the AB leg but within 1% its still ok...
Buy oppurtunity at perfect bullish Cypher completion then trade management looking for this ideal scenario to happen.
In the daily, we could see a pin bar formed yesterday rejecting key resistance zone 0.8400. After barely taken out the pin's low, market has now rallied back up and potentially re-testing the resistance zone again. In H1, we could see a potential bearish cypher pattern in progress. The C point here met at least 1.13 extension of XA leg but not 1.272 extension of...
after several succesful Pattern trades, EURJPY offers a Cypher this time. Spiked already a bit below, but now back to the original entry level. Risk Reward is not so great but still worth a trade 1:1
Besides the 3 Long Patterns (Cypher, Gartley, Butterfly) there are also Long entries via Patterns. A Gartley and a Bat could be in the making.
risk reward on targets still ok even after the spike. Safer bet is waiting to see the entry again and put a stop sell there
Following up on the idea I posted this morning, AUDCAD has rolled over nicely completing my earlier prediction. Now it's time to execute the second part of this trade and go from seller to buyer as I look to take advantage of the Bullish Cypher pattern.
Last night I discussed the AUDCAD in a video that I put out for my Syndicate members. We had previously earned some pips on a a bearish Bat pattern, but the market never really ran too far way from this general area. What caught my attention was the series of higher lows and the fact that we finally achieved a LLLC as on last nights analysis. I didn't have a...
Target 1 of the short bat was already hit, so in case target 2 gets also hit, there might be a long Cypher entry. I will wait for the Bat to complete before sending the new orders.
A Cypher and a Bat waiting for the trigger, I am waiting for the Cypher and hope to get support of the Bat in case we go past the trigger.
Buy after some bullish candle formation developed into PRZ on lower timeframe (1h)
CADCHF breached the descending channel. Bearish cypher just above the last high. Bearish bat at structure of previous swing high.
A Bullish Cypher is forming on the daily charts of Tesla Motors Inc. (TSLA). Currently, price has completed the initial extension leg AB and CD when it is making a reversal at the 127.2% and 141.4% extension zone. The next leg, if the pattern is to remain valid, is a move downwards towards the 196.73 area where it meets the 78.6% Fibonacci Retracement level of the...
You can see my full analysis on this pattern here: www.tradeempowered.com
here I have to admit that I made the mistake to take the Orders of the smaller Cypher on friday out as I figured out the bigger pattern. That was obviously a mistake as both Targets (0,382 and 0,618 of CD were hit). but the bigger one is still valid and might also deliver a Profit in case we don`t go below C...
Price rejected by structure and possible formation of an AB=CD pattern completing in the same zone of a bigger bullish Cypher.
1. Bearish cypher at structure 2. Harmonic move 3. Low risk 4. RSI DIVergance
I've had my eye on NZDUSD for a while now looking for a bullish opportunity only to see the market blow past structure level after structure level. Now it finally looks like I'll have a trading opportunity as price action looks to retest and hold it's current level of support. If everything goes the right way a retest would give me a completed Cypher pattern with...