xela75

xela75

Stay tuned for a Gartley pattern, which setting up at EURAUD. According my rules, I do enter at the A->B 1.272 retracement at 1.45711 w/ two targets. Entry: 1.54711 S/L: 1.5443 (28 pips) T1: 1.55048 (33 pips) -- RR: 1:1.2 T2: 1.55269 (55 pips) -- RR: 1.99 If both targets are hit with a 50/50 split, the overall RR is ~1.6.

xela75 Updated 

There is a potential BAT pattern setting up at AUDUSD in 15 min TF. Point D is at a higher TF S&R as well as X and both targets. Entry: around 0.76591 S/L: 0.76698 T1: 0.76409 T2: 0.76293 Watch out for reversal signals in the zone between point X and D. Decide at your own rules if to get into this trade.

xela75 Updated 

Check EURGBP where we could see another Bat formation. If market loses quick, the formation could validate today before market close. Then do not enter if you don't want to hold positions over the weekend. Entry: 0.88403 S/L: 0.87945 Target 1: 0.89031 (RR: 1:1.37) Target 2: 0.8946 (RR 1:2.31) If both target are hit and you split for both targets 50/50, the...

xela75

A bat pattern could be forming at GBPJPY maybe next week. Point D lies within a minor S&R zone between two major S&R zones. First target is also at a minor S&R. Target 2 is at 50% retracement of A->D as there is a major S&R zone, and for me it's not of a high probability that a target at the A->D .618 retracement is reached (risky). Entry: 142.660 S/L:...

xela75

USDJPY could validate a bullish cypher pattern next week. X and D point are in structure area which was respected in the past. Entry point is around 112.821, target 1 & 2 are as well respected S&R zones. entry: 112.821 s/l: 112.199 t1: 113.546 t2: 113.985 The overall picture is a ranging market while the market is in an up move. Possible that the market is...

xela75 Updated 

Looks for a nice opportunity: a bullish shark might be coming in hour chart. Point D is at a support area, target(s) is/are in the next resistance area. Nice RR 1:2.5 @t1 and RR 1:3.5 @t2. High risk as it's a trade against the trend! That's why I don't see a t3 outside the resistance area. S/L goes underneath point X (underneath support). s/l: 0.68095 t1:...

xela75

A bearish butterfly seams to be coming at EURCHF. Point is is in an S&R zone (daily level). Target 1 and 2 also are around previously touched S&R zones (daily level). Entry around: 0.9099 S/L @ 0.9139 Target 1: 0.896 Target 2: 0.8876 Watch out for reversal signals (indecision candles, price rejection, etc.) before entering the trade.

xela75

A bearish shark in the hourly chart might be coming in the next hours at EURCHF. The RR is okay for the ones who trade 1:1. X is above S&R zone (daily) and D is right in the zone. A is in another daily S&R zone and target 2 at the .618 retracement is in another daily S&R zone. Entry is in resistance area around 1.685. Watch out for reversal signs like clear...

xela75 Updated 

Nice ranging market opportunity at USDJPY. It bounced three times from resistance area around 114.300 and went down in the direction of support at 108.226. Could be an opportunity with three targets. S/L goes above resistance at around 115.000 t1: 112.101 -- RR 1:2.1 t2: 110.771 -- RR 1:3.5 t3: 108.501 -- RR 1:6!!! Watch closely for a bounce back from current...

xela75

If price action breaks through strong S&R area at 1.074*, we might see a bearish bat forming around 1.0753. Entry level is somewhere between 1.07569 and 1.07501 (watch out for price reversal signs like RSI overbought, pin bar, reversal candle, etc.). S/L is above X at 1.07531. Target 1 above 0.382 C/D retracement (previously support & resistance level), target...

xela75

Looks like FX:USDJPY is heading for a bearish crab pattern setup. The "D" point is right in a strong support & resistance area. Our entry is somewhere between 112.059 and 111.919. Conservative S/L is above the 0.786 X/A retracement projection, for more risk but better RR S/L can go above the S&R at 112.191. Target 1 is at the 0.618 C/D retracement which is...

xela75

A potential bullish shark pattern is forming at XAUUSD with target 1 at the 0.382 retracement and target 2 at the 0.618 retracement. For more conservative traders, I'd suspect the target at 0.236 retracement – which is a RR of 1:1.3. S/L goes right beneath the previous outside return at 1170.744. For some more risk of being stopped out but higher RR ratio, you...

xela75

A short opportunity might be coming the next days at FX:EURNZD . Signs for a good opportunity are, that the D point of the formation is right in a strong S&R zone. The potential target 1 is above and target 2 is right in lower S&R zones. Also the price action showed some very steep bullish moves the last days and RSI in H12 is already 74 which indicates the...

xela75

Looks like next week can start with a potential trade setup: a bullish cypher pattern in FX:USDJPY . Target 1 is the 0.382 retracement, target 2 the 0.618 retracement which gives an RR of 1:1.3 for T1 and 1:2.1 for T2.

xela75

I'm preparing for next weeks possible trades and it looks like we are heading into a bearish cypher pattern at FX:EURGBP . Target 1 is around 0.618 retracement of CD leg, target 2 at 0.5 retracment of CD leg … Maybe it's also possible that it will go into 0.382 retracment but as there was recently a strong pull back from 0.5 retracement, I rather expect strong...

xela75 Updated 

Price action entered strong S&R zone after very strong upwards move. Reversal is going to be likely. Checking for reversal signs within the S&R zone – RSI overbought, pin bar , Doji , etc. Opportunity is about 1:2.1 on first target and 1:3.7 on extended target. If price breaks through S&R zone without reversal signal, the setup turns invalid.

xela75

Looks like the next hours or days a potential bearish cypher pattern is setting up and giving a nice opportunity to short at FX:AUDJPY . The XD 0.786 retracement right above last week's R2 pivot zone. So I'd suspect the potential reversal zone (PRZ) somewhere between last week's R2 pivot and this week's R1 pivot. Once the pattern successfully formed, check for...

xela75 Updated 

After a strong long rally from one S&R to another, price action might come to an halt at this resistance area. Once an indecision candle has closed, it's a setup for a nice 1:2.5 or even 1:2.8 S&R reversal trade. Indecision candle: pin bar, Doji, etc. Bars that indicate price indecision. S/L goes above the S&R zone, T/P is right above the R2 pivot. Trade...