So I have been doing a HUGE backtest on Cypher patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk...
Three potential advanced pattern formations that are on our radar here on the EURUSD.
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Hey traders, welcome to a new week and a new month of trading! Here on the EURAUD we a bracketed order situation where we have two potential advanced pattern formations setting up in a both a bullish & bearish Gartley formation. With many of these markets still looking to be in consolidation, these are the times when we want to stay alert for pattern formations.
As always I like to spend sometime fine tuning my chart reading skills by performing analysis on pairs outside of my trading portfolio. Here on the NZDJPY we have a potential bullish bat formation along with a potential abcd pattern lining up at previous structure support.
The chart pattern gather all the requirement to a BARR. lead-in height is more than $1. Bump phase at least twice the lead-in height. Trend line is not horizontal. Rounded bump
short at 0.7612 first TP 0.7524 TP2 @ 0.7469
GBPAUD is currently in a 5 wave corrective pattern. Wave C has just been completed, so I am expecting an impulse wave to the downside to form its D wave... setting up a short sell setup.
USD-MAX ABCD AND GARTLEY PATTERN