A bullish Gartley is forming on GBPJPY, all the Fibo ratio are almost perfect, pound is slowly decline to the D point, nice structure exist at D point where Short positions are trapped, D point will relief them creating more order flow to the upside,, Entry is around 169.900, first target 170.370 (38.2 AD) and second at 170.670 (61.8 AD), stops at 169.700. This...
Massive bullish cypher pattern forming on EURUSD, Fibo ratio are almost perfect, this setup will offer a great R/R ratio, 2 long position at D (1.08120), first target at 1.08500(38.2 of CD) and second at 1.08740(61.8 of CD), Stops for both position is at 1.0804.
Entry at D is supported by previously structure, D point will perfect re-test a kind of morning doji...
This is still an early stage of a Bearish Cypher pattern forming.. looking to SHORT at D (169.500), 2 positions with target at 0.382 and 0.618, GBP under bearish pressure, all the bulls leg a immediately erased by strong bear candles, short at D will be supported by a grinding up leg or a reduce momentum approaching the entry point, break of C will invalidate the pattern
Another Cypher pattern in state of forming...this time Bullish, Entry 1.08200, first target at 1.08340 second at 1.08440. trade will be supported by recent EUR strength, structure exist at the D level, much noticeable on the 1H TF where X point is a Doji/Hammer candle and the D point will perfectly re-test this level, break of C will NOT invalidate the pattern,...
