tommyb35

tommyb35

With the break above/close above of the recent high of 1.51641 on the daily time frame, we have a beautiful opportunity shaping up on the 240 timeframe. With the RSI at 85, we should see a little pullback and then hopefully another rally. If we can get about a 125 pip rally up into the kill zone marked out on the chart then all we need is some confirmation for a...

tommyb35

Nice bearish Gartley completing at 1.0275. And it has a shelf of structure looking left. Which should hopefully help price action fall off a cliff and hit both targets after completion.

tommyb35

Its not pretty, but you have a bullish cypher completing at 1.3758 and a bullish Gartley completing at 1.3727. So you can take the cypher or take the gartley. But in the title I said 3 choices. The 3rd is; since the cypher is completing about 30 pips above the gartley, you now have a nice potential reversal zone. So you can wait for price action to come into...

tommyb35

Another potential pattern for the Yen pairs. This Bearish Gartley will complete at 93.800. For those looking to squeeze a little extra out of this, you have a potentially massive 2618 trade setting up that could provide the entry for an aggressive C-Leg. If the market can press down into 91.445, you will have an entry for the 2618. Target one will take you to...

tommyb35

Once again we have a Yen pair showing a potential advanced pattern. We have a bearish cypher that will complete at the 120.330 handle. The best part about it is, you have a potential trend continuation trade that is now setting up with the previous resistance being violated. If you want to be aggressive you can enter on the pullback into structure potentially...

tommyb35

The great thing about this cypher pattern is the fact that if it completes, it will complete about 25 pips below the 180.00 even handle. Even handle numbers are very key psychologically. And that helps with support/resistance as you can see by the triple top. For those that cannot handle that big of a risk, you can wait for a confirmation on the 60min timeframe...

tommyb35

Just like so many other dollar pairs, NZDUSD has two potential patterns setting up.

tommyb35

As you can see, if you trade patterns you have a couple of good opportunities coming up over the next few days. Depending on your rules and trading style, you and take either the bearis Gartley pattern in blue or the bearish Cypher pattern in red. And if you really want to try and milk it for all its worth, you can use either one of them as an aggressive C-Leg...

tommyb35

Got a potential Bullish Cypher pattern setting up on the USD/CHF. Along with the pattern completing at the .786 fib retracement, you have structure, 1.618 ratio confluence of the A to B leg and 1.272 ratio confluence of the B to C inverted.