Mustafoinc

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About me Forex Trader
Joined MD
Treat the Market with Respect and it'll do the same.....
Markets Allocation
97 % forex 3 % indices
Top Mentioned Symbols
EURUSD 12% | 4 AUDUSD 12% | 4 GBPUSD 12% | 4 USDCHF 12% | 4
Mustafoinc Mustafoinc GBPCAD, 60, Long ,
GBPCAD: GBPCAD 1h Bull Cypher + Recent Support
38 0 1
GBPCAD, 60 Long
GBPCAD 1h Bull Cypher + Recent Support

Bull Cypher Recent Support (X leg) 1st target just below recent resistance, risk to reward 1 : 1.60. You could go for 2nd target at 61% fib which makes risk 1 : 2.7

Mustafoinc Mustafoinc USDCAD, 60, Short ,
USDCAD: USDCAD 1h Bear Cypher + Structure
31 0 0
USDCAD, 60 Short
USDCAD 1h Bear Cypher + Structure

Will not be buying at D but a little bit above that, if price makes it that high. Reason being; decent structure (red line) and also want to give my stop loss more than normal room so to keep my risk to reward I will either miss this trade or get in for a better price with more room for the stop loss, keeping the risk to reward 1:1.45 for 1st target. I have ...

Mustafoinc Mustafoinc USDJPY, 60, Short ,
USDJPY: USDJPY 1h Bear Cypher with Structure
23 0 0
USDJPY, 60 Short
USDJPY 1h Bear Cypher with Structure

Stops are placed a little higher this time because of second structure which gives the Risk to Reward of 1 : 0.94. But this seems like a good trade because of price running all night to this structure area. But do make sure to take profits at the 38% retracement as there is structure there and if this Bull trend continues this is where it will find support.

Mustafoinc Mustafoinc AUDUSD, 240, Short ,
AUDUSD: AUDUSD 4h Bear Gartley and Structure
54 1 0
AUDUSD, 240 Short
AUDUSD 4h Bear Gartley and Structure

Good place to go short since X is around structure area. RSI may have divergence upon X completion

Mustafoinc Mustafoinc GBPUSD, 240, Long ,
GBPUSD: GBPUSD 4h Bull Bat Patterns RSI Structure
30 0 0
GBPUSD, 240 Long
GBPUSD 4h Bull Bat Patterns RSI Structure

I have written the notes on the chart it self. I will buy this at the D leg and it's possible that this may fail and if it does then we have another chance to buy at Recent Structure (rectangle in Blue). Bull Bat Strong Support/Resistance Zone (in purple line) RSI Divergence

Mustafoinc Mustafoinc USDCHF, D, Long ,
USDCHF: USDCHF Daily Chart - Bull Cypher Pattern
27 0 0
USDCHF, D Long
USDCHF Daily Chart - Bull Cypher Pattern

Buying this at the D leg and stops 10 pips below X leg.

Mustafoinc Mustafoinc GBPUSD, 60, Long ,
GBPUSD: GBPUSD 1h Bear Bat 1.36 Risk to Reward + RSI Divergence
27 0 0
GBPUSD, 60 Long
GBPUSD 1h Bear Bat 1.36 Risk to Reward + RSI Divergence

Taking this trade because it's a Bear Bat pattern in the direction of the Trend. Risk to Reward is 1 : 1.36 And RSI has divergence with price, indicating that prices will reverse.

Mustafoinc Mustafoinc GBPUSD, 240, Short ,
GBPUSD: GBPUSD 4h Long Term Support and Bear Bat with Long Term Trend
35 0 0
GBPUSD, 240 Short
GBPUSD 4h Long Term Support and Bear Bat with Long Term Trend

Reasons to enter Trade: Bear Bat Pattern Long term Support (purple line dating back to April 13, 2015) Exhaustion Candle on H4 (previous green candle with long wick on top) RSI Over-bought Caution: Since this pair is in uptrend recently it may continue this trend so I will not risk a lot on this trade and also because if it turns down it go down a lot so that ...

Mustafoinc Mustafoinc EURGBP, 240, Short ,
EURGBP: EURGBP 4h Bear Cypher Sell and Patterns
23 0 0
EURGBP, 240 Short
EURGBP 4h Bear Cypher Sell and Patterns

Reasons to sell: Bear Cypher Strong Resistance (Purple Line) Trend (Recent) continuation downwards Things to consider: The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play. Strong support (bottom purple line) Let us see what happens! Good luck and ...

Mustafoinc Mustafoinc EURJPY, 60, Long ,
EURJPY: EURJPY 1h Bull Bat
32 0 0
EURJPY, 60 Long
EURJPY 1h Bull Bat

Long Trade @ 129.833. Stop at 129.408, 42 pips. Profit at 130.560, 73pips Trade in direction of trend. Risk to Reward is great = 1 : 1.75 Possible RSI divergence upon D leg completion. Can hold the trade longer if you are a trend trader.

Mustafoinc Mustafoinc GBPJPY, 240, Long ,
GBPJPY: GBPJPY 4h Cypher Pattern + Support
25 0 0
GBPJPY, 240 Long
GBPJPY 4h Cypher Pattern + Support

This is adding to my idea (previously posted). If that fails then price may fall further to breach the bottom channel at which point the X leg for this Bull Cypher patterns sits right at the a major support line on the Daily Chart (please scroll back). When channels are breached price usually goes to retest the breached level and this is where you would take your ...

Mustafoinc Mustafoinc GBPJPY, 60, Long ,
GBPJPY: GBPJPY 1h Trend Trade Bull Cypher Channel Support
27 0 0
GBPJPY, 60 Long
GBPJPY 1h Trend Trade Bull Cypher Channel Support

This is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times. Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top. Keep an eye on RSI as it may show divergence by the time ...

Mustafoinc Mustafoinc AUDUSD, 60, Long ,
AUDUSD: AUDUSD 1h Patterns
40 1 0
AUDUSD, 60 Long
AUDUSD 1h Patterns

Bullish Gartley pattern in direction of trend (shows by yellow triangles) Trend line going upwards. Developing Flag Pattern Head & Shoulders Pattern Current Trade Long at end of D leg Risk : Reward = 1 : 0.81 for 1st Target 2nd Target (just below 61% Fib) = 1 : 1.37 And could be played to hit at least top of Channel (in blue)

Mustafoinc Mustafoinc EURGBP, 60, Long ,
EURGBP: EURGBP 1h Bullish Bat
25 0 0
EURGBP, 60 Long
EURGBP 1h Bullish Bat

Strong Support around the buy point (end of leg D) R:R = 1 : 1.34

Mustafoinc Mustafoinc USDCHF, 60, Long ,
USDCHF: USDCHF 1h Bull Cypher
23 0 0
USDCHF, 60 Long
USDCHF 1h Bull Cypher

Risk To Reward for 1st Target = 1 : 0.88 Trade in direction of trend. There are 2 Bull cyphers here, sorry I didn't put the 2nd one in but the X leg for that one is 1.01103 and A leg is at 1.02229.

Mustafoinc Mustafoinc EURUSD, 240, Short ,
EURUSD: EURUSD h4 Bearish Bat + Strong Resistance
34 0 0
EURUSD, 240 Short
EURUSD h4 Bearish Bat + Strong Resistance

I see the completion of the Bearish Bat pattern ending at the D point (leg). But it's possible that it can go higher if you look back X can be marked at the higher point above my X. Strong resistance here at this level if you look on a 4 hour chart. Risk to Reward = 1:1.36 for 1st target which is at 38 Fibonacci and 2nd target is at 61.8 Fib.

Mustafoinc Mustafoinc GBPUSD, 60, Long ,
GBPUSD: GBPUSD 1h Bullish Bat
36 0 0
GBPUSD, 60 Long
GBPUSD 1h Bullish Bat

Possible RSI Divergence Nice Risk to Reward immediate Trend is up, longer-term trend is down

Mustafoinc Mustafoinc GBPAUD, 60, Long ,
GBPAUD: GBPAUD 1h Bull Bat
39 0 2
GBPAUD, 60 Long
GBPAUD 1h Bull Bat

Going against Trend here Risk to Reward (is really nice) = 1:1.92, for 1st Target! Nice recent support above Stop loss 1st Profit Target is at Structure (resistance)

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