On the 15min chart a potential buy setup if we get a C and D completion. Excellent risk to reward!!
PA made a higher high putting in an inversion of 1.618%, there is a Fib confluence of 3 major ratios. The 1.618%, 6.18% and the 127.8% projection and of course look left theres structure. RSI is over bought as well. Good trade I would say
You can see folks that the market has been making lower lows and lower highs and then now, all of a sudden ....... WOW !!! A new structure high forms, the market is giving me an indication that it intends to shift its direction. So as price action make a higher high higher close and comes back down back to structure I will be buying, and look left structure leaves...
Pattern completion at structure with a descending flag. All signs are looking up and Im already in guys.
Pattern completion at structure with an ascending wedge pattern, all at the same spot.
Bat pattern completion at structure with an ascending flag pattern all at the same place.
Price is curently at the C point of what could turn into a bear bat IF you have backtested this pair/pattern, and time frame and IF you have percise rules in your plan to trade this pair/ pattern, and time frame. Then you could potentialy get short.
1.130 retrace at D point finds structure and trendline. It seems a good move.
After zooming out to the monthly chart trying to get an idea of whats to come I saw this bat. Its interesting that it could complete @ structure. I don't trade the monthly charts, but one might use this as a reason to get short on a lower time frame. Whats in your plan?
There is a shark pattern going on, forming one more shark combined with a deep bat and then a cypher. I know it's crazy but they will form!!
Perfect 2618 trade the retrace happened overnight
3 patterns I am paying close attention to. 2 Cyphers and 1 potential Gartley. Let's wait and see if any of these play out.
There is a possible double bottom forming on USDJPY H4 right on a structure level. RSI oversold, and divergence as well. Target1 at test of previous outside return, and target2 right below retest of structure level above. Stops below the structure at 113 inversion.
Price has pushed beyond the B-leg to hopefully complete a bearish Cypher pattern. The market is generally trading downwards on this pair, which gives me even more confidence on this one as it is in the direction of the underlying trend.
After much confusion from traders regarding the Cypher pattern tool created for us by the guys over at Trading view, we decided, as the pattern was discovered by our very own Darren Oglesbee, that it was only fair to explain what the differences were between the new tool and the original ABCD pattern tool, when you should use it and why you should use it. The...
Ok TradingView Crew, here is a nice 2.618 trade setting up on GBPUSD and before you start asking me a bunch of questions make sure you've watched the training on this trade. I lay out all the rules and it's totally free. tradeempowered.leadpages.net