j1tfx

j1tfx

USDJPY reacted to a Daily Demand zone (purple) and had a clean trendline break on the 4HR. Completed its exit cycle and looks to make it back to newly created demand zone (green). Will enter longs once hit and target untouched Supply up in the pink zone.

j1tfx

EURUSD has finally broken a major trendline. I had not taken an immediate short, as I wanted the demand zone (upper green rectangle) to hit. Due to the law of absorption, the level should have triggered some orders and should be standing a bit weaker as a level now. If the price can return to the initial point or rejection (red zone, otherwise known as supply) I...

j1tfx

the 78% comes up a bit short once again, but as I trade to structure I have set my entry level a couple of pips higher (to an 88.6%). Overall maintaining a higher timeframe bearish sentiment on JPY pairs

j1tfx

Hope traders were able to capitalize on the bearish cypher that appeared on the AUDUSD 1H (and below). TPs hit, now anticipating the test of 0.79876. The 78% PRZ is actually a bit deeper than 79876, however in playing to the tone of structure analysis we are moving the potential level a couple of pips higher to ensure fill. I would not expect this pattern to...

j1tfx

please excuse the measurements as I had drawn them up very quickly. first pull was @ 61.8. second may not exceed the current pinbar low. Target PRZ 78.6 of leg XA (impulse leg) for potential shorts.

j1tfx

Be on the watch for a cypher completion on the EURAUD 4HR-most likely to complete in the week following for obvious reasons. Given that we hold the low, we should see a spectacular opportunity to capitalize on this 78.6 strike. Cheers!

j1tfx

Waiting for dip C to define itself better. Could go as far as 78% before invalidated. The PRZ is well in line with a 1.27 extension as well as the 78% confluence, heightened by the major 4hr structure support broken (and set to retest). Trendline also suggests a possible continuation back into the downtrend. all of the pieces are hitting.

j1tfx

In continuing with the downtrend, USDJPY 1H presents a good look at a Cypher pattern trade. Target 61.8 off of leg CD. Enter with your own discretion!

j1tfx

scalp, if anything. possible setup for a short on the EURUSD. All parameters met well. the dip in C could go further, as much as to the 1.414 threshold and still hold the cypher formation. anything below is an invalidation

j1tfx

possible setup for a bearish gartley on the 30min timeframe, USDJPY. First needs to touch 111.844. Any touches lower than 111.732 invalidates the Gartley setup. If hit, the 1.27 extension is in perfect confluence with leg XA's 78.6. Looks to be a great setup so far.

j1tfx Updated 

I apologize for the rough drawing, it is an approximation as I am currently in this trade/on the fly. bear cypher completed @ 88.097, possible bullish bat forming with PRZ @ 87.678. Holding short to test point B on bat (point C on cypher, same level). Could possibly see flush down to the Bat's PRZ @ 87.678 for a bat completion. Holding tight! Tops placed a couple...

j1tfx Updated 

the current level in which the bar sits is a perfect 61.8 off of the top. If it hits 88.6% (blue line above) I will consider it invalidated. If we can get a push down into the 1.27 extension from here a bullish Gartley will have completed :) Cheers, and happy trading! -John, J1TFX

j1tfx

It's funny how many can doubt the efficacy of the fibonacci tool when we see consistent reoccurences of such patterns in the marketplace. As I had charted a 4H cypher formation on the EURUSD, a mini cypher on the same pair (EURUSD) formed and completed right under our noses. Just goes to show you that you never know when the right opportunity may strike. Please...

j1tfx

This is a patented 2618 trade created by Akil Stokes + Jason Stapleton from TradeEmpowered. I give them all the credits to this strategy. Here we have a test of the 4hr high on GBPJPY. The blue line above is a daily line. If we get a touch but not a CLOSE above that previous high, we are still good to go for a double top in this chart. We must test the initial low...

j1tfx

We are right up against a major daily resistance level on the AUDJPY daily chart. We have made a spectacular run up but now we are beginning to see a bearish RSI divergence-are we ready to head lower? Will we find the means to press higher into new highs (in this window of analysis)? If we get a push lower, expect the first recovery high to be the battlezone. I...

j1tfx

This is far from completion, but we have the 2 clues needed to watch out for a possible butterfly formation. We had price hit an 88.6% of XA but not close above; also had the secondary retracement do the same (88.6 touch but not close above). This leads us to a possible extension (leg CD) going up to a 161.8 to a 261.8, with confluence numbers coming in at 1.26 to...

j1tfx

Hey all! John (J1TFX) here. I'm a newbie trader that's getting into harmonics, so my apologies if the parameters are drawn incorrectly! I'm currently tracking a bullish cypher pattern on the EURUSD on the 4H chart. All of the measures have hit and we are now awaiting the 78% retracement of leg XA for an entry long. There is a large supply zone looming just...