Bearish Bat with very good Risk:reward ratio. With RSI also being overbought, we can expect the pair EURGBP to go down to reach our targets around 0.7550 and Stops around 0.7579's Happy Trading !
There is a triangle formation ready to break out at H1 which allows us to enter with a very tight stop. LONG at 107.5 with SL at 104.81 TP levels are at 122, 127 and 150. RRR 1:24
Cypher setup D completion around 0.7315 Target 1 around .0.7232 Target 2 around 0.7180 SL above X
*READ NOTES IN CHART* KEY LEVELS DETERMINED OVER ALL TIME FRAMES RANGING 1W-1MIN
- POTENTIAL SHORT - XAUUSD - BREAKOUT RETEST -
It is at minimum risk in order to get higher reward, SL 2949 and T1 3262 Can take long in small quantity and once the risk shrinks further then can increase the quantity.
Entry at the retest of the Pitchfork line (Bread and Butter setup)
Hello Traders, doing my weekend market analysis before market open I've found a nice potential bearish bat pattern on the 4h chart which perfectly lines up with the 1.618% Fibonacci inversion. Stops and Targets as shown. -Have a great last trading week before christmas. Felix
This is a perfect example of how simple pattern trading can be. Two potential Gartley Patterns lining up. Because of the deep B- leg the potential D points are close to X, which gives us excellent RR setups. Just make sure they meet your personal rules for entry. Good trading. -Felix
EURUSD has completed a large Gartley pattern on the weekly TF at a very important area of support. The support comes from a trendline dating back to the year 2000 which has been tested three times and has yet to be broken in the past 15 years. This is the second time price has tested the Gartley PRZ, proving it to be a key area of support as well. To add to...
There is potential short on Pound dollar right after price just False break out from resistant 1.5245. Price has retraced to 50% Fib. Retracement. We're looking for price starting to bearish and if it does, we're taking our profit on 1.515 for a 100 Pips. This setup has risk reward ratio 1: 2.
The same trade as before, the same pair, the same rules! Waiting for a reversal pattern in this timeframe or in a lower one to enter in a good R/R. But how there isn't a major structure and no reason to the downtrend to end, i'm not going to be to greedy with my targets, one at the .382 to secure some profits and the other one at .618. GOOD TRADING!
On FX_IDC:EURUSD , the market moves sides; there is no clear trend direction on 1H bars. We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the...
hey traders, I am trying to rush this trade out of here before it either completes or stops us out. If by the time you are seeing this, price hasn't moved much, i would wait for another test of Resistance and look to get short then. Dont force the trade if price action skews your risk/Reward Like always if you have any questions, comment below, follow us on...
Using the If / Then thought process to prepare for the next potential trade set up on the 240m timeframe. If the double top identified prior to this post struggles to break down lower and instead heads for new structure highs then the next opportunity to get short will be the advanced pattern. The bearish bat pattern's D completion point is at 1.5590 just shy of...