We had a winning bearish Pattern setup on this pair. (Check related ideas about it.) We could go and wait for the potential bear cypher to complete to go short. Take note a break of the previous high would invalidate our potential bullish Butterfly pattern. We got short and long opportunity right here.
This would be my trade setup, i could wait for a broken neckline of a potential double top or go aggressively right here on the double top if it give us a closing candle that is lower than the previous candle or so.
My bias for this market is to go LONG. Take note that we had already a winning Bat pattern. And bat pattern is a trend continuation pattern.
Looking for a possible reversal setup on the LTF like a 2618 or a reversal pattern or a breakout of simple pattern such as flags, triangles, etc.
In the LTF (15 mins) We got a bullish Deep Gartley Formation with a tight SL. We could go and enter right away on that pattern or put a pending buy stop above the previous SH (Structure High on the 15 mins) with an extended TP on a pattern completion. Once pattern is completed you could go and spot some reversal signals or confirmation to go SHORT (conservative).
Potential Reversals to buy or sell. It all depends.
Soon we could have a potential bearish setup that will form completely at 1.7368. Potential Reversal zone would be around 1.7368 to 1.7476. Stops would be above X point. TP1: 1.7161 TP2: 1.7035
A Bearish Cypher Pattern is completed. Personally, it could go for a reversal to the downside for a pullback before resuming its trend to the upside by checking it on the weekly. But anyway, who knows? Happy pippin guys! Have a good night and greetings here from the Philippines.
A potential Bearish Cypher Pattern near to completion. If your bias is long, you don't wanna go for a short/sell position. Caveat
Every completion as an aggressive trader, i will just enter right away and stops would be below the X point.
A bullish Deep Crab is completed and still Valid. How I trade the Pattern with extreme completion is by having atleast 1:1 RR from my TP1:SL. We also have a tentative Potential Bearish Cypher Pattern to be completed soon once price movement goes to the upside. We also have a tp2 which is the 61.8% of the Deep Crab and a D completion of the Bear Cypher at the...
Building and spotting some potential key levels of reversals using my favorite system. Enjoy!
Bearish Cypher Pattern Completed at 1.05512. SL would be above X TP1 @ 1.04650 TP2 @ 1.4127
We also have an AB=CD pattern right here other than the bearish cypher that will complete at 86.71 and bat that will complete at 87.09. For me it doesn't matter on what price I will enter since both pattern have the same SL placement that would be above the X point. Personally I will take the Cypher pattern. Will enter at price 86.71, me as an aggressive trader....
We could short on the BO of the lower TL with an extended TP on the Pattern Completion of another Bullish Cypher Pattern, an opportunity if the market could give as a good sign to go LONG on the Gold.
2618 is a good sign of reversal. On the HTF, if you think if the market would reverse (in this case from the downside to the upside) 2618 is one of the conservative way to counter trade (trading for reversals). The TP 2 is actually a 127.20% extension of the impulsive leg to the upside.
Wait for a pattern completion as market is in a consolidation state here on the 15 mins. Plus my bias to LONG after the Gap down on this pair.
Waiting for the Pattern Bearish Cypher Completion at 1.39868 before going SHORT,