Khan

Khan

Potential Bullish bat pattern in the formation. I have entered a short as risk:reward = 2:1 so a good opportunity. For my rules, pattern will be invalid if it touches the 0.90632 mark (786 fib of AB) before reaching 0.89649 (886 fib of XA. Once it touches 0.89649, good chance to go long - if the pattern completes, will be publishing a new chart with potential...

Khan

Similar to AUDUSD on my other chart, 2 patterns setting up nicely: 1. The green one is the better one - Bearish bat in formation with key fibs and support/resistance testing. Good 50 pip profit with 1.5:1 risk reward. Good shorting opportunity there 2. The pink one is the less likely one with a cypher in formation, and completion at no strong resistance levels...

Khan

So it is taking its time - but its getting there. With the release of some good data, AUDUSD heading north and it was just a matter of time with the technicals coming into play. We have: 1. Bearish Gartley forming with the perfect 61.8 fibs in play - this is the green one with almost a 2:1 risk reward of 80 pips of potential profit at 1st targets of 38.2 fib 2....

Khan

Even though this is not the perfect bat pattern according to my fib rules, its worth a punt. Green area shows strong support on the daily time frame. Stops at the red line (try not using round figures) and a good risk:reward trade!

Khan

With the 2nd Elliot wave just at the 61.8 fib level, and showing 2 consecutive green candles, this one is just waiting to break out to the upside. a 40 pip risk for a good 70 pip reward. Capture the 3rd elliot wave with first targets at 1.3725 which comes in good resistance and fib levels

Khan

Dont know if good to trade in this holiday season when the volume is so low but the Gartley looks good coming into key reversal zones. Let's see how this plays out

Khan

Nice little bat pattern just completed on this pair with key fibs for this pattern being reached. It has a nice little risk:reward ratio with stops going just over the X point (1.3840) and 1st target for the 1.3628 region. Keep an eye out as many people have been bearish on this pattern and stopped out many times - this may be the right time

Khan

Perfect cypher pattern just finished on this with the currency reversing at key fibs on a dim. This is also part of bigger butterfly pattern with the RSI being oversold. with these confirmations, safe to enter the trade with a good reward. Stops go just below the X and very good chance of moving in our favour. Enjoy some pips

Khan

Perfect cypher completed with reversals on a dime at key fib levels of 38.2, 127 and back to 78.6 In conjuction with a bat pattern on a bigger time scale and the RSI being oversold, this double confirmation is a good trade to enter with stops just below the X point. Enjoy some pips

Khan

Perfect cypher just been completed with currency pair reversing on a dime at key fibs. Stops below the X point as always with first targets at 0.92942 which shows some key resistance level (previous support). On a bigger scale, there is a bat pattern in the making as well which confirms decision with RSI indicator oversold at 28.28. Enjoy some pips

Khan

Bullish cypher in the making on EJ. I follow strict rules when trading this pattern, i.e. AB = 38.2% retracement, BC = 1.27% extension of XA and CD = 78.6% retrace of XC - this particular pattern, market is reversing at every fib point on a dime, touching the fib points and following the pattern. low risk strategy as you stand to gain at least 400 pips with...

Khan

**CORRECTION** Bearish Bat Pattern This bat pattern has a very good risk to reward ratio. With the pull back on the last CD leg just above the 88.6% retracement, it provided the perfect opportunity to short this pair reducing your risk. First profit target is the 99.000 which makes good logical sense as there is good support there, and stop losses just above the...

Khan

Nice little cypher pattern just set up - target 1 = 133.4 with target 2 = 132.50 - nice little set up as today's up move was due to Yellen's testimony and the market will work towards that downward correction with nice resistance and support at 134.70. It will definitely test resistance at 134.804, but don't get spooked by this! Stops just above the 135.5 high

Khan

With good resistance at 0.95286, the AUDUSD is expected to fall. Elliot wave correction has finished at 0.97576, so with a retest of 0.95286, it will complete the 2nd correction wave of the downtrend and continue its third wave down (impulse leg). This also confirms with the cypher pattern which should complete at 0.90769 (green box) and form the kill zone for...

Khan

The pattern is setting up nicely with a 61.8 AB of XA and 61.8 BC of XA. At this point in time, hoping to hit the 135.096 mark to enter into short positions. This is in confluence with previous resistance levels and targeting previous resistance makes a good risk to reward trade