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1618

EURJPY: Long Butterfly pattern setupReason to entry: -Butterfly pattern -Flag pattern as consolidation before moving up -Butterfly 161.8 completion at retest of previous structure -161.8 completion at strong support lvl -Fibonacci Confluence (2) at 161.8 completion -Wait for RSI and candle confirmation Entry: -127.2 butterfly completion, or.. -161.8 butterfly completion Exit: -61.8% retracement of 161.8 butterfly (in line with strong resistant) -retest of A point Void if: -failed 161.8 butterfly -premature move Remember that market always right! Manage your trade well!
Long
by WilliamSurya
Bat Pattern or a Wedge GBP/JPY, 1hr Here we see a developing Bat pattern in a triangle or wedge pattern. we know that wedges generally rally out at 3/4 of the triangle, be it up or down. So what we should expect to see happen here is that the market will rally down into previous structure around the 1.618 extension of the AB leg. when the market does so, it will complete the bat pattern triggering a reverse in the market and rallying back up into the 1.618 extension of the BC leg. however, if the market breaks through the wedge at the 3/4 mark on the upside, its likely to see a similar rally, up into the 1.618 extension, but our room for profit is less. So my entries are marked at the 3/4 mark on both the upside and the downside, both long. my upside stop is placed at the current structure level around 1.8170 and that limit is placed at the 1.618 extension of the BC leg. The second option, for the bat pattern egas an entry placed at the 3/4 mark on the low side of the wedge, a stop placed at the lowest low of the bat pattern , and a stop placed at the 1.618 extension of the BC leg. Than you for you time to analyze with me, i look forward to future trades, if you do too, please like and follow, but also , comment and let me know what you think. Thank you guys again, good Trading!
Long
by Kylan_Laymance
Bat Pattern, AUD/JPY, 30 I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the BC leg, where i have placed my limit. My stop is placed at the top of the pattern and my entry is placed right around point B, just to be safe and keep a risk reward of 2:1 or better. Thanks for visiting, don't forget to like if you agree, or comment is you dont, i would love the feed back, i believe that trading view is here so we can use each other to learn from. And always follow, the reputation would be great for growing in the trading community. Thank you and Good Trading
Short
by Kylan_Laymance
Gartley Pattern, EUR/AUD, 60This Gartley pattern formed at the end of consolidation suggests a long movement from a monthly low. if there is a break out of consolidation , the market will likely rally up into the 1.618 extension of the BC leg, around 1.45530. i have placed my order long keeping the risk reward ratio at 2:1. I have placed my stop at the lowest low of the Gartley pattern, and my limit at the 1.618 extension. Remember to like comment and follow me for updates and new traded. Thank You and Good Trading !
Long
by Kylan_Laymance