Must see good breakout with large body candle to confirm the validity of the pattern.
Over the last year a very large triangle pattern has formed in the CADCHF pair. This gives us a great long term opportunity to buy. Stops would be below the boundaries of the triangle. Good Luck and Happy trading !
Bull Bat found on EURGBP H1 TP1 at the 38.2% Fib level RR 1.54
The bullish flag pattern on D1 chart of EUR/JPY presents an upswing potential on a breakout. The pattern's pole and flag parts are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the low of the breakout bar (not shown on the chart).
Read texts written in the chart !
bull gartley with a deep retracement which means a better risk/reward. good luck!!! any comments and/or likes/dislikes welcome..
Looking at a potential Cypher pattern completion on the EURUSD Entry placed at 1.09162 Stop 1.09599 Target 1.08737
2 Take profit areas on the completion of this pattern, Place stops behind one of the major resistance lines! looking at a 3:1 - 4:1 Reward ratio here! All the best, will update results! As of now the STOCHASTIC(Default) is in EXTREME overbrought conditions! RSI is also in the overbought area. > As with the pattern hitting the 127.2 and 161.8 area, this is also...
entry @ 1.6780 good luck!!! as always any comment, likes, etc. (good or bad) are welcome
entry @ 1.5935 don't forget this pair has an enormous ATR, make sure you can handle that big of a risk before putting in this trade. There is also a potential bear cypher on the 4HR chart. I'll post that in another post. Good Luck!!! any comments, likes, good or bad are welcome
USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move...
Greetings Fellow Traders, Structural update for GBPCAD shows 2 very important characteristics that occurred within the last 2 days of trading. First and foremost the Parallel Channel that was identified caused a market reaction and then was confirmed broken. Furthermore...the key technical level that has been suppressing the GBPCAD from any bullish advancement...
I can see here Gartley plus potentil AB=CD correction - both bearish. I know USD is strong so it's difficult to believe, but this chart is saying 'sell' :) I am not in position as I've noticed this quite late, but will be observing this pair and who knows?
Potential bullish Cypher pattern working from C to D on the NZDUSD 4 hour chart. If you look left you'll see that the Cypher completion also comes in an a decent level of previous structure resistance turned support. One BIG thing to pay attention to as the week goes on is the RBNZ Monetary Policy Statement that comes out on Wednesday at 3pm NY time....
Although we have a weak consolidation zone marked in triangle has given us a clue thats the zone where the demand is, where we would meet the buyers again possibly. The key thing to understand the zone is that, count the bars or lets say the time it spend around the zone, the less the time it spends the more potential it becomes. To confirm the demand trading, I...
Greetings Fellow Traders, As I'm sure many of you are wondering what my view is on the EURUSD pair I figured it would be a good time over the weekend to show you what I'm currently looking at and considering. Unfortunately, you may be disappointed. Obviously we did a great job anticipating the rise on the EURUSD pair in the 1.05 to 1.06 region, however.....we did...