There is a bullish cypher that will potentially complete around the 81.90 level.
My favorite pattern is out in full effect today. Bull cypher setting up, with a potential completion at the 123.82 level
There is a bullish cypher setting up on aud/jpy. Conservative targets can be the 38.2 & 61.8 retracements, but if you want this can also be used (like the gartley pattern i posted on usd/cad) as an entry on a trend continuation trade.
Got a deep bearish gartley potentially setting up on usd/cad. If you want, you can also use this as an entry to get short on a trend continuation trade. As always, follow your plan.
Aud/Usd has a potential bearish 2618 setup. This could be the beginning of a long trip down, since we are up at a major daily level.
Just entered short on the eur/usd on a 2618 setup. I will take target 1 at previous lows and look to take target 2 on a stop and reverse at the completion of the bull gartley which should complete around 1.1256
There is only 2 people that I follow when it comes to trading and the forex market in particular. One of the things that they preach and that I try to apply to my trading on a daily basis is, staying ahead of the market. Right now on Eur/Usd there is a great example of this. Now this could all blow up in a matter of hours, but nonetheless I am prepared if it does...
Got a bearish bat pattern close to completing on the gbp/usd on the 1hr timeframe. All of you that trade advanced patterns here is a potential setup for you.
There is a bullish Cypher pattern setting up on gbp/usd. Completion will be at the 1.41220 level and stops need to be below X - Leg. This is by far my favorite pattern to trade, and if you trade them, make sure you get your orders ready.
Got a bullish Bat pattern setting up on the usd/cad pair. So for all you bat pattern traders out there, if this pair is in your portfolio, here is something to keep on your radar.
All of you advanced pattern traders out there, there is a potential Bullish Gartley pattern setting up on the Gbp/Usd 4hr. It will be completing at the 1.39320 level. Stops below X and targets at the 38.2 and 61.8.
Aud/Usd has run up into a shelf of resistance .77000 even handle. Inside the red box on the chart is a .618 & .786 fib retracement levels. Also the green lines on the chart and stochastic indicator show classic bearish divergence where the blue lines show a bear setup. A bear setup is the potential for a top. Being that we have the fib confluence, even handled...
Got a Bat pattern close to completing on Eur/Jpy. It will complete just under the 127 even handle around 126.99
There is a potential Gartley setting up on Eur/Aud that will complete at the 1.4553 handle.
There is a potential short Bat pattern setting up right now and it will complete around 85.670. If advanced patterns are a part of your trading plan, then this could be one to take.
I just got long on the Gbp/usd. This coincides with the prediction i made at the beginning of the week on this pair.
Last week i put out an idea of how i thought the gbp/usd would be a "buy." This week i thought i would stay with this pair and give an example of how i plan ahead on my trades. The blue bar pattern is what i predict the market to do this week. If price rallies up to the 1.46685 level, i will be looking to go short on a fib inversion trade at the 1.618 ext. If that...
Just went long on Gbp/Usd. A couple days ago i put out an idea about a "Bull Setup" on this pair. Today i got what i needed to get long. Very deep retracement back down into support. RSI went oversold and at the close of the 5am (pdt) i got a break above close above candle. So entered long at market.