Just a quick post on the EUR/CAD 60 min.
2 patterns are forming, a smaller bullish Gartley pattern (blue), on which the entryzone is drawn at the 1.272 extension from A - B - A . This would give a much better RR and would retest previous structure @ 1.5086
The Bigger pattern is the bearish Bat pattern, D completion at the 88.6% retracement from X - A
Looking for the price to move up a little more into he 88,6% retracement to complete this Bat pattern @ 165.58
Stops should be placed above X, and again using 2 profit targets.
TP1 @ 164.07
TP2 @ 163.13
Let me know what you guys think and feel free to comment.
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From now on it's a waiting game, both patterns are trying to complete the D leg, Let's see who wins.
Beautiful how a chart can give you multiple reasons and ways to enter the market.
The blue pattern is the Gartley pattern and the puprle the Bat pattern.
Bat pattern completion @ 1.4211
Gartley pattern completion @ 1.4631
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Bullish Bat pattern completing on the EUR/NZD 60 min.
Bat pattern completes @ 1.6838, the 88,6% retracement from X-A
Stops placed below X.
Profit target 1 @ 1.6950
Profit target 2 @ 1.7020
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Good Luck !
Bullish Cypher pattern USD/CAD 60 Min
Waiting for the price to drop down into the 78.6% retracement from X-C leg.( 1.3766 ) to complete this Cypher.
Stoploss placed well below X,
Take profit target 1 @ 38.2% retracement and Take profit 2 @ 61.8% retracement from C-D.
Let me know if this was helpful, and please like and follow !
Very nice looking Bat pattern on the EUR-USD Chart 1D .
This nice Bat pattern popped up immediatly, its neaarly completed.
Wait for the price to run up into the 88.6% retracement from the X-A Leg. At this point the Bat will complete.
Stoploss should be placed around 20 pips above X.
Profit targets will be at the 38.2% and 61.8% retracement from C-D leg.
Personally i am only interested in this trade if the price drops down even further than the Cypher completion point.
RSI is getting oversold, and we are running in to latest structure.
If price hits my entry point at 0.9826, i will be looking to go long and put my stoploss 20 pips below X.
Profit targets can be found in the chart.
Please feel free to comment and...
First of all lets start with the big Bat pattern located in the 4HR timeframe.
Bullish Bat Pattern
Waiting for price to drop down to the 1.272 extension, which will give us a allready completed BAT pattern and makes sure we have a great RR. Stops placed about 20 pips beneath X, but should be adjusted to YOUR moneymanagement strategy.
Targets are located at...
This potential Bearish Bat pattern on the EUR/NZD 60 min, has a great risk reward , as can be seen in the chart.
Look for price to climb up and touch the 88,6% retracement from the X to A leg to complete this Bat pattern. ( 1.7185 )
Stoploss should be placed above X, in this case its about 20 pips above X. (1.7290 )
Take profit 1 at 38,2% retracement from the A...
From this point on this Bat pattern is still a long shot but if it completes it has a great Risk/Reward.
Waiting for the price to touch the 88,6% retracement from the X to A leg ( 1.5974 )
When Bat pattern completes put a stoploss at least 20 pips above X, profit targets can be found in the chart.
Profit target 1 at 38,2% retracement from A to D leg.
Looking for price to run up a little further into the 78,6% retracement from the X to C leg. ( 1.4321 ) to complete this bearish Cypher pattern.
Place stop above X and profit targets at the 38.2% and 61.8% retracement from the C to D leg.
Watch out for the news thats is coming out, better to wait what happens.
Always looking for feedback on my analysis, so be...
Yet another bearish Cypher setup on the EUR/CAD 30 min timeframe.
Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg.
This area makes the entry zon area, stoploss should be well above X.
for Profit targets look at the 38,2% retracement from C to D leg for profit target 1
Profit target 2 shouldd be set at the...
looking for this potential bearish Cypher on the EUR/USD 30 min timeframe to complete.
Cypher completion will be at the 78.6% retracement from the X to C leg. this will be the short entry zone. price looking to sell around 1.0875. Stoploss should be placed at least 20 pips above X , Probably around 1.0925.
Exit depends on your own strategy, i choose to take 2...