Even with all of the Craziness in 2018, one of the things that still held true was...
And right now, you have a very nice potential Bat Pattern setting up on the EURUSD.
The completion point is at 1.1474 and minimum stops should be above X (my stops are 1 Atr above X at 1.1512.
Potential T1 is at a 38.2 Retracement of A-D and T2 is at a 61.8.
Since the initial price break, LTC has just checked into the original bullish support as we got dragged down by the King, BTC. It is a very interesting place we have stopped as this happens to be the crossroads of the bottom support of the pennant and longest bullish support line. As long as it holds, it should send us up and out of the triangle. A lot of longs...
As you all know, there is a lot of uncertainty running through the crypto market at this time. Many worry that Bitcoins parabolic trend is broken and an even more serious correction could be on its way.
However, Based on Trendline Analysis the chart above shows a very different possibility.
We recently just bounce off two historical trendlines, one at the low...
You know that old crypto saying: "Litecoin is Silver to Bitcoin's Gold". Well now 'Gold is Silver to Bitcoin's Sound Money Supremacy'. Well in price ratio terms it is. I know I'm not comparing apples with apples, & for the purpose of not embarrassing Gold's post crypto performance any further, it's probably best I don't. But in terms of available supply, there are...
I just put out a video breaking down the EURJPY. Now you can see i have a ton of stuff written on this chart, but it is a good example of planning ahead and staying two steps ahead of the market. Now we just broke out of the bearish flag pattern and we have a projection leading down to a bullish bat pattern completion. If you would like to see the video here is...
I was able to benefit from a short term shorting opportunity last night on this pair, when I spotted a Gartley pattern (green) finishing at previous structure, along with RSI divergence.
I decided to enter at the 1.272 extension of the A to B move, as the 0.786 retracement of the X to A move offered a bad Risk/Reward ratio.
I am now waiting on the completion of...
There is a potential bullish Cypher pattern setting up on NZDUSD. This pattern will potentially complete @.68457. Minimum stops must be below X @.68176 with target 1 at .6885 and target 2 at .6909.
As always, follow your plan.
Good luck and good trading.
This opportunity could be great to jump on the bearish underlying trend.
Looking to short at the 0.886 D point of the X to A move; which also meets with the 1.618 extension of the A to B move.
RSI is also showing strong divergence.
Stops are going above previous structure, with targets set at the 0.618 retracement of the C to D move. The reason for choosing less...
Potential Bat Pattern on the EURUSD with the finishing point at D, the 0.886 of the X to A move and a 1.618 extension of the A to B move.
The area also lies on a strong previously tested price of support and resistance.
On the lower 1 hour time frame we can also see strong RSI divergence taking place.
Stops are going one ATR above previous structure, with targets...
There is a massive potential bearish bat pattern currently setting up on the EURUSD. Now this pattern is on the Daily Time Frame, so make sure to check your risk. If you use a 1 ATR Stop, you will have 200 pips of risk. If you can handle the risk though, this is a very nice potential opportunity. This will complete at 1.11896 with minimum stops above X at 1.12989....
Just got short EURUSD on this bearish Bat pattern.
Minimum stops need to be above X at 1.0689 with target 1 at a 38.2 fibonacci retracement and target 2 at a 61.8 fibonacci retracement.
If you would like to follow all of my live trades, you can sign up for free on my website: www.bctradingsystems.com
Good luck and Good trading.
There is a potential bearish cypher setting up on the GBPUSD. This pattern will potentially complete @ 1.25151. Minimum stops need to be above X at 1.25559 with target 1 at 1.24585 and target 2 at 1.24241.
As always, make sure to follow your plan. Good luck and good trading.
There is a bullish cypher pattern here on EURJPY that is very close to completing. This patter will complete at 117.713. Minimum stops need to be below X at 117.42 with target 1 at the 38.2 retracement (118.13) and target 2 at the 61.8 retracement (118.38).
As Always, follow your trading plan.
Good luck and good trading.
Got a potential bullish cypher pattern here on EURJPY. Now this will complete at 117.649 w/ minimum stops needing to be below X at 117.430. Target 1 will be at the 38.2 retracement at 117.95 and target 2 at the 61.8 Fibonacci retracement at 118.14. As always, follow your plan.
If you like this kind of trading, you can join me in my live trading room today. Here...