GOLD (XAUUSD) - 4HOUR BUY- Trend ContinuationXAUUSD Made a retracement to to the downside giving an opportunity to go long.
Trend Continuation expected until the reach of Giant Cup and Handle Patterns Profits. (Watch my previous idea about XAUUSD for that pattern)
700 pips of Profit potential.
1.9 Reward/Risk Ratio.
Advancedpaterns
USDJPY - Huge Bearish Cypher on DailyFor weeks I've been looking at the potential Bearish Cypher on USDJPY on Daily Charts, and this week market hit the entry level.
As you can clearly see the stop loss is so huge if you enter right away at completion level, so I was waiting for the market to go further in the PZR in order to get less than 100 pips stop.
Currently there is less than 100 pips and price is still in the PRZ so I've shorted it - a huge bet, but with almost 1:2 R/R.
Here are the Entry, Stop and Target Levels:
Entry @ 114.16
Stop @ 115.08
Initial Target 1 @ 112.11
Initial Target 2 @ 110.84
Good Luck!
Bullish Bat on GBPJPY 1HI have my eyes on a potential advanced harmonic pattern - Bullish Bat, on GBPJPY 1H.
Since we're in bullish trend I will use the Bat formation as an entry reason, with extended 2nd target.
Here are the Entry, Stop and Target Levels:
Entry @ 145,35
Stop @ 144,91
Initial Target 1 @ 145,95
Initial Target 2 @ 1146,91
Good Luck!
Bearish Cypher on GBPUSD with extended targetsGBPUSD is in a clear bearish trend on 15M, and market gave me a potential entry in order to hop on that bearish trend.
Market is forming a potential bearish Advanced Harmonic Pattern - Bearish Cypher, that is perfectly aligned with the bearish trend.
Since we are in an establish trend with no recent structure level to the right I'll go for extended targets(retest of NSL and I will trail my 2nd position), with stop above current pullback.
Here are the Entry, Stop and Target Levels:
Entry @ 1,2940
Stop @ 1,2960
Initial Target 1 @ 1,2900
Initial Target 2 @ 1,2850
Good Luck!
EURJPY Bullish CypherI've spotted another Advanced Harmonic Pattern on yen pairs, this time I have a potential Bullish Cypher on my eyes, on 15M.
Here are the Entry, Stop and Target Levels:
Entry @ 127.76
Stop @ 127.24
Initial Target 1 @ 128.22
Initial Target 2 @ 128.50
Try not to overextend in yen pairs, because there is the almost the same setup on GBPJPY
Good Luck!
GBPJPY potential Advanced Harmonic Pattern - Bullish CypherOn GBPJPY, I have my eyes on potential Advanced Harmonic Pattern, and this will be a Bullish Cypher on 15M.
This Cypher barely touches 1.272 but we still have a valid C point :)
Here are the Entry, Stop and Target Levels:
Entry @ 145.52
Stop @ 144.90
Initial Target 1 @ 146.06
Initial Target 2 @ 146.64
Good Luck!
Emerging Bat patternin the chart you can see the potential bat pattern in this currency. We have a nice bullish engulfing candle at the C leg. I think we have a pullback first and then the price will fly. After that we have a great short opportunity on this pair. I drew All of the entry point and stop loss in the chart.
I think the news that will publish also help the pair to fly, but carefully follow the economic news and revise your decision.
Enjoy your trading
Profit target/short entry for XMR Bull RunShown is an emerging Bat Pattern coming out of a very strongly trending bullish reversal. Short entry / TP at 'D' completion point.
Target 1 is .382 of CD
Target 2 is .618. of CD
The risk reward on this trade is decent at 2.74, with stops shown at about $18.80 USD for Mega bullish move. In such a situation, I'd expect to see action reach for the upper resistance line, at about $20.
Looking ahead for EUR/USD• We have some US data (unemployment figures) coming out today.
• The data could either act as a catalyst for these predictions, or it could completely re-write short-term price action rendering this analysis moot.
• Box Theory© is currently giving credence to a potential Cypher Pattern.
• Nothing to trade yet, just conjecture and rhetoric at this point...
Comments welcome.