A bearish cypher pattern has been completed @1.2952. We have recently created a bearish pinbar on the 1H timeframe which is another indication for me to go short. This idea contains two fibonacci based target points, the 1st @1.2906 and the 2nd @1.2877. Let's see where this one takes us. Have a good one guys!
Possible cypher pattern formation, short the market at 1.13694
En nuestro radar tenemos un nivel estructural de compra importante, sin embargo estamos esperando que los patrones de precio nos digan que se va a respetar este soporte, de no ser así, esperaríamos un retest a la estructura previa para vender el breakout. On our radar an important level of structure, just waiting for price patterns to confirm a reversal sign to go long.
Gartley pattern almost finished. Entry at 1.30410 (point D).
We're looking at a bearish bat pattern setting up @1.1203. The pair is moving towards our previous high's at the 1.12's which should act like resistance as we're in a downtrend. It's an even number as well so we might see some more downward movement. Let's hope we get filled short here. Good luck trading guys!
Who like pattern trading this is good opportunity. Enter at 0.886% (098795) from X to A retirement at point D, and the first target that I market is on 0.382% (0.99075) retirement from A to D, you can also take second target at 0.618% (0.99265) retirement from A to D. We gonna place stop just below X (0.98630). We have around 1.7 on win/lose ratio.
Bullish & Bearish Gartley patterns in a consolidated market. Either way the market moves trades have a high-odds opportunity provided the structure of the patterns remain in-tact.
Just places my orders for this cypher pattern in the USDCAD. This pair has been in a short term uptrend so we can definitely see another rally here. This setup contains two fibonacci based target points and a stop loss below X. Let's see what happens! Good luck trading everyone and make sure to follow us for more ideas.
Currently the pair is trading above 1.4600 and just above the trend line, implying that the momentum is to the upside. Should bulls maintain their grip on 1.4600, we would expect them to target 1.4625, 1.4650 and 1.4675.
I'm predicting the market should go up from this bat pattern that formed!! Thanks for Viewing!! #WealthClub #Forex
BB is sqezee now.Wait for D point to confrim.
Having different good trading skills set allows me another entry even when my risk preference wasn't met on the Gartley trade. On the 60mins, there is a potential for more downside move although the Bulls can attempt one more move to the north. Still waiting to get Elliot's touch. Trade with care
This is a setup for you day traders out there! I see long opportunities as soon as this pair reaches my entry point @0.9472. The lows where we're trying to find support at haven't been violated this week @0.9466 and today we're trying to find support again at this level. This idea contains 2 fibonacci based target points and a stop loss below X. If the lows hold...
The EURJPY has been in this trading zone between the 122's and 124's for quite some time now. The question here is whether it'll break the resistance levels to go higher into the 124's or it'll break below the support levels as shown on the picture. As long as we keep in this zone advanced patterns will keep showing up just like this bullish bat setup. When this...