Hi Trader, There is a bearish bat pattern set up on Euro with D completion at 1.06290. See trade details below. Entry: 1.06280 Stop: 1.06610 Target 1: 1.05890 Target 2: 1.05630 Have a great weekend! Luke
Hi there fellow Trader, Are you a big bear or a little bear? Maybe you're not a bear at all, in which case this setup is not for you! There are two bearish harmonic patterns setting up on GBPUSD hourly timeframe. See below for my trade plan, complete with entry and exit prices. Bearish Gartley (ORANGE): Entry: 1.25450 Stop: 1.26050 Target 1: 1.24850 Target 2:...
Hi Traders, There is a bullish cypher pattern with a D leg completion at $41.90. This trade has been on my radar for a while now and it finally looks likely to complete. Trade details: Entry: $41.95 Stop: $38.90 Target 1: $45.55 Target 2: $47.95 The method I used to trade this type of setup is very simple. 1) Identify pattern 2) Place a pending order a few...
Hi Traders, There is a bearish cypher set up on GBPUSD with D completion at 1.22790. How I trade this setup: Before entry: 1) I place my sell order a few pips below the D completion point (to cover the spread and ensure entry). 2) My order has a stop loss placed 10-15 pips above the X point. 3) My order has target set a few pips above the 61.8% retracement of...
Hi Traders, Going through my charts and spotted this bullish bat on Silver. Trade details as follows. Entry: $16.45 Stop: $15.62 Target 1: $18.12 Target 2: $19.26 The thing I love about trading bat patterns is the risk to reward ratio! Keep in mind that the win percentage on bat patterns is <50%. Meaning if you consistently take this type of setup you will have...
Hi Traders, There is a decision point here for the market on EURJPY. The blue arrows highlight the structure zone of 113.900 - 114.150. You can see how many times the market has respected this level in the last month. My question is, will the market respect that level again and move up toward 115.200 this week? Or will it break down toward 113.000? Regardless of...
Hi Traders, I spotted this "perfect" Gartley a bit too late today, as the pattern has already completed. I just recently exited my positions on a 2618 long to this level, so my attention was not all focused on the next opportunity. Regardless, the pattern has completed at 102.200 and is a valid trading opportunity for me. I have placed my order at the completion...
Hi Traders, Hope you're all doing well this week. Here is a bullish 2618 opportunity on USDJPY. This is a reversal pattern and a countertrend trading opportunity. See the red and green boxes on chart for my PLANNED entry and exit levels for the trade. Knowing where you will enter and exit BEFORE ENTERING A TRADE was the main factor that allowed me to reduce...
Hi Traders, Doing my pre-week analysis and came across and interesting trend continuation setup on Kiwi. After moving within an ascending channel for the past two weeks, this pair has broken to the downside and printed new monthly lows. Trend continuation traders may find an opportunity to short this pair on a retest of the breakout. I have marked the sell zone...
Hi Traders, I have been eyeing this setup for most of the week. There is a 2618 selling opportunity very close to market. This pair has made a triple top (see marked on chart), which is a sign that we may see a bearish reversal and downside continuation in the coming week. I have a position ready to sell at the 61.8% fibonacci retracement, it has extra...
Hi Traders, I am watching Pound here for a potential bullish 2618 setup. Looking for price to come down into the 61.8% Fibonacci retracement to go long. You may be wondering why not just go long now? If we wait for price to move lower it offers a better risk to reward profile, that's why. Have to be patient. Trade details: Entry: 1.30020 Stop: 1.29350 Target...
Another NZDUSD advanced pattern setup! Bullish Cypher pattern. See chart for trade details. Good trading, Luke
Hi Traders, There is a bearish Cypher Pattern setup forming on NZDUSD with D completion at 0.73740. Trade details: Entry: 0.73720 Stop: 0.74250 Target 1: 0.73240 Target 2: 0.72900 Resources I used to learn how to trade advanced patterns: 1) Trade Empowered Training Program - The Advanced Pattern Trader 2) Various users here on trading view, namely Tom Hall ...
Wow, there are so many harmonic patterns forming tonight! Here is a bearish bat pattern on NZDUSD H1 timeframe with d completion at 0.73480. Trade details: Entry: 0.73470 Stop: 0.73750 1st target: 0.73070 2nd target: 0.72810
Hi Traders, Pound is setting up both Bullish and Bearish Gartley patterns on the hourly timeframe. Take your pic, or take both (assuming we go down before we go up)! Bullish Gartley setup Entry: 1.31700 Stop: 1.31250 1st target: 1.32100 2nd target: 1.32350 Bearish Gartley setup Entry: 1.32990 Stop: 1.33600 1st target: 1.32410 2nd target: 1.32010 It's been...
Bullish Cypher pattern on USDCAD H1 timeframe. Entry: 1.30760 Stop: 1.30170 1st target: 1.31310 2nd target: 1.31700 If you like this trading style and want to learn it yourself, I suggest reading a little book called 'Trade What You See' by Larry Pesavento. That is a great starting resource. Luke
Hi traders, Have to get this one out quick due to NY volatility coming in now. Follow chart for harmonic setup. Luke
Bullish bat setup on GBPUSD with D completion at 1.31550. Follow chart for entry and exit parameters. Good luck Luke