Here is a PROJECTION of a Bullish Bat Pattern that I think is forming. All trade info on chart and also below.
* Please Note: I am new to sharing these ideas and charts, so if this is helpful, please Like & Comment and I'll continue to share the ones I find.
Trade Entry, Targets, & Stop:
Entry: 129.864 (88.6% Retracement of "XA" Leg)
Stop Loss = 129.511...
Here is a bullish cypher pattern. Entry, Targets, & Stop Loss:
Entry = "D" Point
Target 1 = 382 Retracement of CD Leg
Target 2 = 618 Retracement of CD Leg
Stop Loss = 10 pips BELOW "X" Point
*Close out half position at Target 1 and move Stop Loss to Break Even for remainder of trade.
*Apologies for posting this one late as well. Cypher Pattern ALREADY reached TP 1 at 382 Retracement of CD Leg. Took profit and moved SL to BE.
If you missed the first entry, can TRY to re enter at price of B.
SL = D Point (can also do 10 pips above D).
Target 1 = Still would be 382 retracement of CD Leg.
Target 2 = Still 618 retracement of CD Leg.
SORRY FOR BEING LATE TO POST THIS ONE.
SL = 10 PIPS ABOVE "X"
TARGET 1 = 382 RETRACEMENT OF CD LEG
TARGET 2 = 618 RETRACEMENT OF CD LEG.
*TARGET 1 ALREADY HIT. IF YOU CAUGHT THIS PATTERN AT D COMPLETION, YOU SHOULD HAVE MOVED SL TO BE.
** IF YOU MISSED INITIAL ENTRY, POSSIBLE RE-ENTRY AT B POINT:
STOP LOSS = D
TP1 = SAME AS ABOVE
TP 2 = SAME AS ABOVE
Found a completed Bearish Butterfly on NZDJPY.
SL = 113 Extension of AD Leg.
Target 1 = 382 Retracement of AD Leg
Target 2 = 618 Retracement of AD Leg.
If Target 1 is reached, move SL to BE and let trade run.
Cypher Pattern ALREADY reached TP 1 at 382 Retracement of CD Leg. Took profit and moved SL to BE.
If you missed the first entry, can TRY to re enter at price of B (0.68060)
TP = 618 retracement (0.67548)
SL = D (0.68255)
*Please note : This is my first IDEA. Take it with caution.