Long trade on GBPUSD. Advanced Pattern in the form of a Cypher I have a very conservative stop on this trade, I believe it could be a lot smaller due to the recent close above the range price was in on a short time frame, and the possible continuation higher on a higher time frame. Stop @ 1.30550 TP #1 @ 1.31702 TP #2 @ 1.32047
Already completed, but still in good area for entry. Trader this with caution and pick your own stop in relation to previous support. Risk reward is less than 1:1 for TP #1 I do like this butterfly as it also has RSI divergence, Entry @ 112.642 Stop @ 111.624 ( please choose your own according to your own risk tolerance ) TP #1 113.294 TP #2 113.849
Hello All, I am very early on this set-up,( I wanted to get in early so if anyone is interested has plenty of time, and can follow easily) C has only just completed, and price is still yet to fall toward our completion point D @ 1.10197. I have marked on the chart and invalid pattern if price closes over the 1.414 Target 1 has 1:1 R/R @ 1.10617 Target 2 has ...
Market opened this week on the NZDCAD with a small gap down getting us closer to this Gartley pattern completion. I have a kill zone here for a Long position between price points .88424 (78.6% fib XA) and .88255 ( 127.2% fib ext of AB) This area is highlighted green on the chart. Stop @ .87370 and TP #1 @ .89253 ( R/R 1.09) & TP #2 @ .89863 (R/R 1.77)