Good day Traders, the markets have too many opportunities this week and right now on this GBPAUD pair the market is making its way to the D leg of a potential Bat pattern. We have AB=CD completing in that Major resistance zone Confluence of a lot of Fib ratios 88.6, 127.2, 161.8, 141,4 all important ratios backing up reason for market to retrace Major...
Good day traders, EURCHF this is just a break-down to show you that the is always enough of a reason to analyze and enter a trade either going long or going short. If you follow the arrows to the ZONES you will get an idea of when to go long or when to go short and in the mix of things pattern develop. We can see a Gartley and a BAT plus AB=CD opportunity. We...
Good day again traders, we are having a potential Bat pattern in line. We have already broken the B leg and we are still fighting off the 119.93 minor support levels, should we break that one off 2 then we are set to enter the potential harmonic pattern. We have : Confluence of Fib no's on the Prz...88.6, 161.8 Strong support level Psychological no Entry point...
Another potential Gartley developing while both targets for the cypher to be hit hopefully, already banked profit 1 and have moved stops to break-even. We are making our way to the D leg completion point @ 78.6 zone with the 127.2 Fib inversion. Entry points are different per trader that much i know so i have not shared mine on this one but i surely hope the...
Follow up on the EURUSD pair, as we had waited for the Bat to complete only to find out the pair is building a Gartley instead eish after so much waiting lol but then again it pays to wait because we not loosing any money in the process. We shall see how the Gartley comes up
Cypher pattern reaching for the 78.6 leg. Entry points on the chart. Stops above the Blue line 0.73861 as when back testing you will see that it is a significant level. Lets bank the pips.
Another great opportunity is unfolding on this EURCHF pair. Until the B leg has been broken of the Cypher can we then be convinced that the pattern is tradable. Market is approaching a new support level as the previous one was broken and is now our new resistance. Take Note Cypher completes at 78.6 but in my case i will enter using extension 127.2 BC Disclaimer...
Pattern after pattern, Buy market up on the 61.8 Fib ratio which is the completion point for the D leg of the Bat.
Pre Market analyses for the new week ahead: Previous Resistance broken, Target 1 for Gartley in red and ABCD in green both hit, we are now looking at a Butterfly pattern with the market looking to go long and create a new Higher high. This is a perfect example of multiple patterns on one Pair. Profit targets adjusted pending open and close of candle at the...
My last analyses for the day, we have a possible 3 drives pattern that has had 2 corrective 50% waves. The 3rd drive hasn't completed the way i need it to but i will wait and see how the market plays out.There is no previous Resistance to help determine levels for specific stops and currently the market has been bullish. All info is on the chart. Happy weekend,...
GBPAUD, you will never run away with our pips, bring back our pips lol. The nice part about this particular pattern is that you can look into trading an Aggressive C if that falls as part of your plan at the D-leg of the completed Cypher pattern depending on your entry point. The stops could be stretched beyond your plan but your account size will assist you in...
I know alot of traders have already entered this beautiful looking Gartley at the 78.6 completion point, but i will stil wait patiently in the hopes of being filled @ the 127.2 bc projection. The closer i am to my X-leg the better for my RR. Trading is all about being patient. Happy friday Mates
Great looking Bearish Bat wich happens to conclude at a structure point, whereby there exist alot of Fib ratios to strengthen my case for a potential reversal. Its important to monitor price action when it gets to that PRZ to see how it reacts when deciding to take this trade. Good luck
Before the Cypher, theres currently a Gartley pattern that has hit profit target on the 38.2 level which is also at a resistance point(Structure) . I'm hoping the Bears will have enough strength to fight off the bulls and retrace back and in so doing complete the possible Cypher pattern. Again i didnt use any Fibs for exact entry points and Stops but this is a...
Currently the pattern is on the cypher which validates the C-leg of a Bat pattern and also importantly it is at a structure level. Should it break the Resistance then we are looking for a Gartley pattern but should it respect it then we can go with the double top to the Support level in the hopes of breaking it for a potential Bat pattern. I didnt use any Fibs for...