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This Bat pattern recently completed @1.0080. The pair has been battling around this level for a couple of times this year and so it's a nice place for a bearish pattern to complete at. The goal is to reach our second target @0.9913.
Good luck everyone!
This gartley pattern will complete @1.2906. The pair is currently trying to find support at it's previous lows and a rising trend line which should act like support as we're in an uptrend. So I'll wait how the market opens later today and see if I can place some orders for this one. For now it's wise to be patient i guess.
Good luck guys and enjoy your trading!
My short orders just got filled on this setup in the NZDUSD. This idea could be traded as a bearish bat pattern aswell as shown on the chart, the entry point for the bat pattern would be at 0.7204.
Good luck everyone!
A bearish cypher pattern has been completed @1.2952. We have recently created a bearish pinbar on the 1H timeframe which is another indication for me to go short. This idea contains two fibonacci based target points, the 1st @1.2906 and the 2nd @1.2877. Let's see where this one takes us.
Have a good one guys!
We recently broke the trend line of the rising wedge to the downside. The wedge formed the retracement back into previous structure and found resistance at the upper line of the descending channel. We could see a continuation of the downtrend here. I'm already short. My stops are above the previous highs @81.90's. Potential profits will be taken at the previous...
When you took last week's Harmonic patterns on the most agressive approach. You would've ended with some pretty big losses.
If you found yourself in that position, you might want to have a look at this approach.
This entry is the one that Scott Carney has created and uses, and is therefor considered as 'the' approach for the usage of Harmonic patterns. Still we...
We're looking at a bearish bat pattern setting up @1.1203. The pair is moving towards our previous high's at the 1.12's which should act like resistance as we're in a downtrend. It's an even number as well so we might see some more downward movement. Let's hope we get filled short here.
Good luck trading guys!
Just places my orders for this cypher pattern in the USDCAD. This pair has been in a short term uptrend so we can definitely see another rally here. This setup contains two fibonacci based target points and a stop loss below X. Let's see what happens!
Good luck trading everyone and make sure to follow us for more ideas.
Just placed my orders for this bullish cypher in the USDCHF @0.9756. This pair has been in a short-term uptrend and so i'm looking for more bullish potential. This idea contains a stop loss below point X and a fibonacci based target point.
Good luck trading everyone!
This is an opportunity i've had on my radar since last friday.
As the market slowly retraces back into our structure resistance levels this potential bat formation sets up @0.7911. Right now i'm looking for a rally up into this level to hopefully see a correction into our targets. For now all you can do is sit and wait!
Good luck trading everyone!
This is a setup for you day traders out there!
I see long opportunities as soon as this pair reaches my entry point @0.9472. The lows where we're trying to find support at haven't been violated this week @0.9466 and today we're trying to find support again at this level. This idea contains 2 fibonacci based target points and a stop loss below X. If the lows hold...
This is a trend continuation trade that i have on my radar today. Short possibilities show up on this pair after the break of structure to the downside and so the continuation of the downtrend. I'm currently waiting for a retracement back into previous structure. When the retracement gets into my "potential reversal zone" i'll be looking for indications of...
The EURJPY has been in this trading zone between the 122's and 124's for quite some time now. The question here is whether it'll break the resistance levels to go higher into the 124's or it'll break below the support levels as shown on the picture. As long as we keep in this zone advanced patterns will keep showing up just like this bullish bat setup.
This pair hasn't been trending for a couple of weeks now and so we're in a nice consolidation zone. Once such a zone shows up, advanced pattern opportunities occur and here is one of them. Let's take a look at this bearish gartley setup:
We're looking for a rally into the 1.6746 level to get short and hopefully get a pullback into our target points. This idea...
Once the EURJPY currency pair reaches the 122.80 level the bearish bat pattern will be completed and so the opportunity to short the market. This idea contains two fibonacci based target points and a stop loss point at the 1.08 extension of XA.
Once the currency pair CAD/JPY retraces into the 85,76 level the bearish bat pattern will be completed and so the opportunity to short the market. This setup contains two fibonacci based target points and a stop loss point at the 1.08 extension of XA.