We got a bat pattern completion on 1 hr time frame in EURUSD. We got out D point completion at 3 good resistance levels and with ratio confluence. See the chart for trade setup. Trade safe and good luck!!
We just completed a Cypher pattern in GBPJPY pair on 4 hour chart. The risk to reward ratio for the 1st target is just a little bit more than one to one. It might be better to wait for a deeper completion of the D point. This will help you further reduce your risk on this trade and it also gives you time to wait for extra bit of conformation. There is also minor...
We currently have RSI divergence on Daily and 1 hour chart. Market is in a good support zone. Good risk to reward ratio. We also have some fib. ratio confluence between 88.6 and 127.2 This might be a counter-trend trade, since the overall trend is still bearish. Trade safe and Good Luck!!
Bat pattern has completely formed on daily chart. Good risk to reward trade. We also have the 88.6 and 161.8 ratio confluence for extra conformation. It's hard for some people to trade based on daily chart. If you are one of them, please think it through before jumping into the trade. Trade safe and Good luck to all !!
The D point of bearish Cypher pattern is completing at an area of Fibonacci cluster zone. RSI most likely to be over-bought at the D point completion. Look at the chart for further information.
There's a potential bullish Butterfly pattern forming on GBPNZD Weekly chart. Note that the D point completion is near the lows of July 2013 (marked by red circle). Market will most likely be oversold near the D point completion. NOTE: We don't get any ratio confluence between 127.2 % and 161.8%. Keep that in mind. Trade Setup: 1. Use your trade management...
Potential Bullish Crab Pattern formed on Daily chart. The pair is currently oversold at the D point completion. Stops can be 10 to 20 pips below 200% extension level of XA leg. Trade setup: 1. Choose position size lot based on your preference 2. Long at 161.8% extension of XA leg (D point completion) 3. 1st target is 38.2% retracement of AD leg 4. 2nd target is...
Potential Bullish Cypher Pattern is almost complete on 4 hour chart. The market is near the 78.6% retracement of the XC leg, look for bit more conformation before taking the trade. Market is at the oversold level on RSI. Stops can go 10 to 20 pips below the X point. Trade setup: 1. Choose position size lot based on your preference 2. Long at 78.6% retracement of...
There might be a potential bullish Butterfly pattern in GBPNZD pair on 2 hour chart. Note that the D point completion is where we also get ratio confluence between 161.8% and 127.2% extension of XA leg. The D point completion is also between a really good support zone (marked by pink dashed lines). It's a very good risk to reward ratio trade. Trade Setup: 1....
Potential Bearish Cypher Pattern forming on Monthly chart. Wait for the D point completion at 78.6% level. The market is currently overbought near the D point completion and we see a resistance zone (marked by pink dashed lines). Stops can go 10 to 20 pips above the X point. We also obtain 78.6% and 161.8% ratio confluence by doing Fibonacci inversion. Keep in...
On EURNZD Daily chart, there might be a potential completion of bullish Gartley pattern. Note that the D point completion is where we also get ratio confluence between 78.6% and 127.2% extension of AB leg. Might want to get better conformation (either bullish divergence on RSI or trend reversal candle), before jumping into the trade. Trade Setup: 1. Use your...
Bearish Bat Pattern formed on 1 hour chart. Market is near the overbought zone. Stops can go 10 to 20 pips above the X point. We also see RSI divergence with ratio confluence of 161.8% and 88.6%. Trade setup: 1. Choose position size lot based on your preference 2. Short at 161.8% retracement of AB leg (D point completion) 3. 1st target is 38.2% retracement of...
Good time to take the trade. We are seeing bullish divergence on RSI with the cypher pattern formed early. Here's the link to the trade setup for this trade:
Potential Bullish Bat Pattern forming on 4 hour chart. Wait for the D point completion at 161.8% level. We might also look for the market to be oversold near the D point completion. Stops can go 10 to 20 pips below the X point. Trade setup: 1. Choose position size lot based on your preference 2. Long at 161.8% extension of AB leg (D point completion) 3. 1st...
Potential Bearish Cypher Pattern forming on 4 hour chart. Wait for the D point completion at 78.6% level. We might also look for the market to be overbought near the D point completion or for some type of resistance zone. Stops can go 10 to 20 pips above the X point. Trade setup: 1. Choose position size lot based on your preference 2. Short at 78.6% retracement...
Potential Bearish Cypher Pattern forming on 2 hour chart. Wait for the D point completion at 78.6% level. We might also look for the market to be overbought near the D point completion. Stops can go 10 to 20 pips above the X point. Trade setup: 1. Choose position size lot based on your preference 2. Short at 78.6% retracement of XC leg (D point completion) 3. 1st...
Potential Cypher Pattern forming on 60 min chart. The market is near the 78.6% retracement of the XC leg, look for bit more conformation before taking the trade. We might also look for the market to be oversold near the D point completion. Stops can go 10 to 20 pips below the X point. Trade setup: 1. Choose position size lot based on your preference 2. Long at...
Potential Crab Pattern forming on Daily chart. The 161.8% extension of D point completion comes in the January 2014 resistance zone, which gives us a bit more conformation. We might also look for the market to be overbought near the D point completion. Since it's a daily chart stops can either be 10 to 20 pips above the resistance zone OR if you are trading with...