Potential Cypher pattern for a continuation of the long trend.
Keep in mind though, that the shorter trend is still bearish. Seeing as the structure is still pretty far away, I would put a pretty tight stop on this one.
Still a good RR ratio of about 2:1 for the first target, and if we get a continuation there is ...
Looking for a Cypher pattern completion on the EURCAD four hour timeframe. Really good risk/reward on this one.
Enter short at 1.48500 and put your stop somewhere above 1.50300 depending in your rules.
First target around the 1.46 level.
Looking for the price to reverse around the 1.445-1.480 level, going for a continuation of the bearish trend.
We have a potential Cypher pattern completion, an AB=CD pattern, and some nice Fibonacci line ups.
If we brake the lows again the next resistance will come in around 1.27-1.28 something, so there are ...
Beautiful Bat pattern with a nice risk/reward profile. TP1 lines up perfectly with old structure level.
Stop loss: 0.6969 ;)
First target: 0.68740 @ fib 38.2%
Second target: 0.68530 @ fib 61.8%
Looking at a Gartley pattern on the EURAUD that completes at a major structure level.
The level has been hit several times (it goes way back, beyond what i can fit in the picture) and the price has turned and bounced many times.
This time along with a Gartley pattern completion.
We have a nice 1:2 risk/reward on ...
The red line is a major support level that the price has bounced off of multiple times. We have broken through and made a new lower low followed by a retest of the support, which has now become support. Let's see if we can move south from here and grab some pips!
The USDCAD had been trading in a channel for some time and we just got a break out to the downside. What we want to do now is essentially wait to see if the price rises again to retest the channel before it continues heading south. If the prices bounces up and then closes below the closest red line, this could be a ...