Bearish Bat on 1HR EURCAD .
I believe we are about to break structure to the left and continue up for D leg completion and then return to the downtrend to perhaps retest structure for the beginning on a move upwards.
The descending channel pattern on H4 chart of XPD/USD provides a setup for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).
More information, and an MT4...
potential bear cypher entry @1.5327
make sure to check your data for the "B" and "C" leg. Make sure it doesn't close above the .618 for B and make sure it hits the 1.272 on the C.
Good Luck
Not all that much on my radar when ti comes to my person trading portfolio so for analysis purposes I went ahead and looked at a few other pairs that weren't able to make the starting lineup.
Here on CADJPY 4 Hour we have a potential Bat pattern completion at 86.16's Appearing inside that Bat pattern killzone also exist some fibonacci confluence and a potential...
Im long once price crosses above the green line in a 30 mn or 1 hr time frame. Market is exhausted and sitting on key support. The white lines are possible price action movements (definitely not gauranteed) that has a high chance of happening. usually the market likes to make an inverse head and shoulders or double bottom when it reverses so Im guess this bear...
bearish cypher entry @
114.04
I personally wont be taking this at the entry, to much risk for me. I will be looking for another reason to enter with a better entry point, hopefully it'll give me that chance.
Good Luck
not real familiar with these but was just rechecking my stops and targets on the bear cypher and noticed this.
once again I'm not real familiar with these but from what I understand as far as targets you would normally take the price difference between the head and the low point of either shoulder.
personally I'll be taking 2nd targets on the cypher and leave...
