thought I would share this potential cypher pattern as well.
Target was finally hit +68 pips. Account balance 3006.81
I am still in this trade. I didnt get the initial retest of the highs. I almost got stopped out. I have not nor will I move my stop loss or target
I am doing a 30 day papper tradeing challenge. I will be only trading the following pairs, EUR/USD, CAD/JPY, & GBP/AUD. . I will only be trading based off of price action using the higher high/higher (lower low lower close) close theroy. I have set my paper account to $3000. I will do my analysis and trading from the 1hr time frame. Risk to reward must be at...
X to A, A to B, B to C legs are in place. If price falls to 1.1032 I wil enter long. T1 is 1.1101 T2 is 1.1144
Higher high higher close gave me the signal to go long next bar market SL and T1 and T2 on chart
just came accross this trade. I would like to see a push back down into the the support level because we could see resistance at the .8620 level. then T2 would be .8680.
This pair has done me well up about 90 pips on my first 2 trades. What a great way to start the week! This is a follow up to my last trade. T1 and T2 were both hit. we are now back up in structure. Looking to go short again. waiting for a bearish candle to form (Close)
Price coming back into structure. Will price respect the level? Time will tell.
My thoughts are we could go lower. We have what I call 2 battle candles back to back. we then get a pull back with a battle candle then a higher high higher close candle to move the pair higher. As I was reviewing the charts earlier today I noticed that we had closed last week at structure. As the markets opened today I waited and we got a lower low lower close....
I am practicing drawing patterns. Would this be a valid bat pattern with the C leg completeing down by the 786? I have heard X to A and B leg at 50% of X to A and C must be at the 382 but not sure how far it can go. I know it can not pass the A leg. I also know that D completes @ 886. Thanks
I have never traded a flag pattern. Is this a correct flag pattern? how would you trade it?