Michael_Foster616

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About me 19 year old, learning the ropes, using my thirst for knowledge to find my path to freedom. Posting my ideas looking for constructive criticism, please feel free and comment to agree or disagree.
Last visit Joined a year ago USA
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 14% | 1 AUDUSD 14% | 1 GBPJPY 14% | 1 EURJPY 14% | 1
Michael_Foster616 Michael_Foster616 GBPJPY, 15, Short , 7 months ago
GBPJPY: GBP/JPY Bearish Bat Pattern Completion
20 0 2
GBPJPY, 15 Short
GBP/JPY Bearish Bat Pattern Completion

Publishing this bearish bat pattern formation completion that I took yesterday. I took profits at target one (0.382 retracement.

Michael_Foster616 Michael_Foster616 USDJPY, 15, Short , 7 months ago
USDJPY: USD/JPY Bearish Cypher Pattern Completion
19 0 4
USDJPY, 15 Short
USD/JPY Bearish Cypher Pattern Completion

Thought I would post a cypher pattern that completed for me yesterday on the USD/JPY. As I just began trading, I tend to be more conservative and lean towards taking profits at target one (0.382 retracements). This cypher in particular continued on down to hit target two and target three (0.5 and 0.618 retracements). Overall success.

Michael_Foster616 Michael_Foster616 NZDUSD, 15, Short , 7 months ago
NZDUSD: NZD/USD POSSIBLE BEARISH BAT PATTERN COMPLETION
14 0 2
NZDUSD, 15 Short
NZD/USD POSSIBLE BEARISH BAT PATTERN COMPLETION

The current underlying trend is bullish, and with its current rate of upward motion, even with a slight downward retracement, I am led to believe that the market will reach requirements to form the bat pattern where I look to enter the market in a short position.

Michael_Foster616 Michael_Foster616 EURUSD, 15, Short , 7 months ago
EURUSD: EUR/USD POTENTIAL BEARISH BAT PATTERN FORMATION
47 0 2
EURUSD, 15 Short
EUR/USD POTENTIAL BEARISH BAT PATTERN FORMATION

Looks like a short term trade. If the market continues it's upward trend into the 0.8668 retracement of this patterns X to A leg, then a bearish bat pattern will form where we will look to enter into the market short.

Michael_Foster616 Michael_Foster616 EURJPY, 15, 7 months ago
EURJPY: EUR/JPY POTENTIAL BULLISH GARTLEY PATTERN FORMATION
25 0 2
EURJPY, 15
EUR/JPY POTENTIAL BULLISH GARTLEY PATTERN FORMATION

While the market is in consolidation, there is the possibility and break downwards would fill a bullish gartley pattern where we would look to enter the market in a long position.

Michael_Foster616 Michael_Foster616 EURCHF, 15, Short , 7 months ago
EURCHF: EUR/CHF POSSIBLE BEARISH BAT PATTERN FORMATION
23 0 2
EURCHF, 15 Short
EUR/CHF POSSIBLE BEARISH BAT PATTERN FORMATION

If the value continues on its bullish trend, we could see the completion of a bearish bat pattern where we would look to enter in the market to short.

Michael_Foster616 Michael_Foster616 AUDUSD, 15, Short , 7 months ago
AUDUSD: AUD/USD PONTENTIAL TREND CONTINUATION INTO BEARISH BAT PATTERN
45 0 3
AUDUSD, 15 Short
AUD/USD PONTENTIAL TREND CONTINUATION INTO BEARISH BAT PATTERN

There seems to be the proper Fibonacci retracement levels for a bearish bat pattern. The current underlying trend exhibits strong upward momentum, looking to potentially fill the bat pattern to enter in short.

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