TPTrading

TPTrading Updated 

Details in the chart.

TPTrading Updated 

Good level to go long: D-point of bullish Cypher pattern and ascending trendline. This is a simple and very basic pattern trade.

TPTrading Updated 

Bearish Gartley (red pattern) was completed and price moved lower like expected. Now Bullish Bat (green pattern) has been completed and it´s time to look opportunity to go long. Risk/reward is OK and there´s a chance that price will move upside and complete bigger bearish Cypher pattern (blue pattern) @1.5370. If price moves to Target 1 the stops should be moved...

TPTrading Updated 

Long @ 120.460

TPTrading Updated 

Probably would be a good idea to wait for that Cypher Pattern to complete and then go short if other things still look the same. That being said, this smaller Gartley could give a nice short term trade nevertheless.

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Simple advanced pattern trade with bullish Bat pattern and ascending trendline.

TPTrading

Bearish Cypher has been completed in AUDCAD giving decent risk/reward profile. You should notice that price has just break through a descending trendline, so it seems that trend is really up. This is a countertrend trade, so you should TRADE WITH CAUTION! Short @ 0.99375

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EURUSD is in a channel after a wild rally. After a first leg of this potentially longer lasting uptrend move the price went down to fib 0.382 @1.0804 when first profits were taken by early sellers. Uptrend move is likely to continue after a small break and consolidation. If the price breaks out from the channel it might form a ABCD pattern somewhere near 1.1265....

TPTrading Updated 

Bearish Gartley is completed in USDCAD and it´s time to think going short (or staying out). Risk/reward in this is pretty good. You could also wait if price is willing to go a bit higher before moving down so you could probably get even better price and risk/reward. If this goes down there is bullish Cypher waiting to be completed (blue pattern). So it might be...

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AUDUSD bullish Cypher is still forming and looking good. We just have to wait...

TPTrading

Price has reached resistance (red area) and RSI is signalling weakness. RSI is making lower highs while price is making higher highs = bearish divergence. It could mean that price will turn downside. If it falls down and continue moving down, it would form a Bullish Cypher pattern at point D. That would be the entry point for this Cypher trade. Entry point also...

TPTrading Updated 

Potential Bullish Cypher pattern forming in USDJPY.

TPTrading

There is potentially Bullish Bat -pattern forming in EURJPY with fairly good Risk / Reward-profile. Potential Entry Zone is also on a bullish trend line that has been tested few times. If the price won´t fall and close under the trend line, there´s a good chance that the price will bounce higher at least to Target 1. Bouth of these Target levels have been...