I would expect price to react to that small Cypher pattern. Then, if the Bat pattern completes, it would be a nice ride down for profits, as there are very defined key structure levels, but there is plenty of room for price to go down. Let's see what happens!
Possibly a Cypher pattern might complete around 101.912. If this happens, we can go long and take profits near the completion of the bearish Bat pattern above. Two good possible trades here, so let's watch closely.
After taking short on the small shark lvl1 pattern, who is still in this short can hunt down extended targets. Consideration for longs should take place @2178, @2177 and @2171. Stops go below 2162. This pair has a very small ATR, but respects fibs and harmonics very well. Trade big lots mates.
A Cypher with perfect ratios completed at Friday and is impressive how price reacted exactly at the 78.6 retracement from the XC leg. Now I'm waiting for the completion of the Bat and Shark patterns. I think these are good opportunities, as there are very defined structure levels for putting our targets and stops. Good luck for next weekend!
Looking for this patterns to complete, as the Shark pattern already completed, got target 1 filled and target 2 waiting to be filled. For the Bat and the Cypher, I look for possible targets at important structure levels, this gives me more confidence to move stops to BE one price reaches first structure/target. Also, is good to know that between Bat's point D...
Opportunity for going long is looking very good, as price approaches the completion of the cypher pattern, wich is near a demand zone. At this moment, demand seems to be in control, because supply levels are being taken out, so let's see how this goes :)
If it completes, there's a nice ride down for profits :)
1.Deep bearish cypher 2, AB-CD 3. RSI overbought with divergence 4. 1.50 even handle 5. Fib. cluster
Despite of Silver failing to create a new high but turning down @19.74 this might be a setup for upside move. 4 possible patterns (cypher, shark, crab, and inverted H/S) showing a very likely bullish move
Short NZDUSD 0.8690-0.8700 SL 40-50pips TP1 0.8550 TP2 0.8250
Made an aggressive entry this morning @0.8625 hoping this Cypher pattern to unfold... The double tops also suggest a possible 2.618 setup for further proof downside. For now I need to see break and close below 0.8607
LOOKING FOR REVERSAL SIGN LONG AT 101.61 STOP BELOW 101.20 AIM 102.60 AND EVEN FUTHUR