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Bat pattern (or 2618) at structure level on EURCADHi guys, i want to share an interesting opportunity that i spotted on EURCAD. In this par on the 4 chart price is consolidating right at a previous daily support level. As such, i seek for trading opportunities down on the hourly chart. Here we can see two different opportunities, both long. The first is a Bat pattern, the second is a 2618 trade. Both the entry reasons are valid. but with different risk to reward ratios. If you have any question or remark, please comment below. Otherwise, see you in the next chart!
Long
by Roker1
GBP.USD - BEARISH CYPHER SETUP - 1.2570On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.2570 & 1.2732 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.2080 Stop loss would be placed above X leg structure resistance . Target 1 - 1.2345 Target 2 - 1.2201
Short
by UnknownUnicorn180388
21
AUD.JPY - BULLISH CYPHER SETUP - 84.924On the AUD.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 84.924 & 84.549 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets back into 86.000 Stop loss would be placed below X leg structure support . Target 1 - 85.441 Target 2 - 85.769
Long
by UnknownUnicorn180388
24
NZD.JPY - Bullish Bat Setup - 80.977On the NZD.JPY Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 80.977 & 80.876 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also an opportunity to look for extended targets at 81.700 Stop loss would be placed below X leg structure support. Target 1 - 81.280 Target 2 - 81.470
Long
by UnknownUnicorn180388
31
EUR.CAD - BEARISH BAT SETUP - 1.4031On the EUR.CAD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup. The price reversal zone on this pair is between 1.4031 & 1.4053 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move. There is also an opportunity to look for extended targets at around 1.3882 Stop loss would be placed above X leg structure resistance . Target 1 - 1.3963 Target 2 - 1.3920
Short
by UnknownUnicorn180388
8
EUR.GBP - BEARISH CYPHER SETUP - 0.8738On the EUR.GBP 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 0.8738 & 0.8763 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 0.8658 Stop loss would be placed above X leg structure resistance . Target 1 - 0.8704 Target 2 - 0.8681
Short
by UnknownUnicorn180388
20
EUR.USD - BEARISH CYPHER SETUP - 1.0759On the EUR.USD 4hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.0759 & 1.0870 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.0400 Stop loss would be placed above X leg structure resistance . Target 1 - 1.0597 Target 2 - 1.0500
Short
by UnknownUnicorn180388
4
EUR.JPY - Bullish Bat Setup - 121.847On the EUR.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 121.847 & 121.594 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also an opportunity to look for extended targets at 123.450 Stop loss would be placed below X leg structure support . Target 1 - 122.620 Target 2 - 123.103
Long
by UnknownUnicorn180388
20
Bearish Bat on Daily structureHey traders, if you missed the chance to short AUDUSD friday (as i suggested) you can try another time in the near future. As you can see price almost completed a Bat formation, right at that level we knwo we want to get short. Our view is confirmed also by the break of the double top to the downside that created new structure low and thus indicating a bearish rotation. You can take this pattern as a trend continuation pattern (therefore with target1 at the retest of the lows) or you can take it as a standard pattern (with usual targets). I'm getting the standard setup. Stop above X. If you have any question or remark, fill the comment section below. Otherwise, see you in the next chart!
Short
by Roker1
GBP.USD - BULLISH CYPHER SETUP - 1.2248On the GBP.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.2248 & 1.2198 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets back into 1.2410 Stop loss would be placed below X leg structure support . Target 1 - 1.2318 Target 2 - 1.2361
Long
by UnknownUnicorn180388
33
Deep Gartley on NZDUSDHey guys, after being stopped out on the USDCAD trade we're back on track. This NZDJPY trade is similar to the previous. I want to pass down to you the philosophy of being on the majority side. The more clues (that matters in the market) you have, the more likelihood the trade will have. As explained above, here we have a deep Gartley formation that is already completed. As long as price won't touch the first hypotetical target though we will wait for another pullback into the entry level. Being so deep, it makes the risk to reward ratio very appealing. In addition to the advanced pattern formation we have different clues that make me predict an upward move. Let's see how it goes. If you have any question, please ask beneath. Otherwise, see you in the next chart!
Long
by Roker1
Another Gartley formation on NZDUSDHey traders, this seems a dejavu but it's all real: we have another Gartley on NZDUSD. Furthermore, the bearish movement that broke and closed below the most recent low (XA) is signaling a bearish bias. Maybe NZDUSD is ready to continue the daily downward move after this retracement. Anyway, when price comes so close to my entry (2 pips) i usually cancel my trade if price touches the hypotetical target1. So in this case, if price hit the 0,6930 level before the entry, i'm canceling the trade. Stops above X, targets down at .382 and .618 of AD leg. If you have any question or remarks, please fill the comment section below. Otherwise, see you in the next chart!
Short
by Roker1
GBP.USD - BEARISH CYPHER SETUP - 1.2348On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.2348 & 1.2387 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.2228 Stop loss would be placed above X leg structure resistance . Target 1 - 1.2291 Target 2 - 1.2254
Short
by UnknownUnicorn180388
34
AUDUSD: Bearish Advanced Gartley & Bat FormationsNot too much on the radar today, but I was able to stumble across an at market short opportunity as I made it to the end of my trading portfolio this morning. What we have here is 2 Advanced Pattern Formations completing at essentially the same price (7265 v 7268). This year I'll be continuing to release The Trading Blog in video format if you want to follow my journey through the markets. I'll try to do it daily, but you know, sometimes life gets in the way.
Short
by Akil_Stokes
23
Bearish Gartley at key structure levelHey guys, after earning some pips from my audusd trade, i now am focused on NZDUSD that could give a nice opportunity during the night, or tomorrow. From a bigger perspective, in the daily chart price is in downtrend, being the break of structure to the downside, and is now retesting the former support that has been broken. When price approaches these "hot" zones i start looking for reversal pattern on lower timeframe. In this case in the hourly chart we have a nice Gartley pattern completing at 0,6964 (as indicated above). If and when price will reach that level, i'm going to short the market. If you have any question, please let me know. Otherwise, see you in the next chart
Short
by Roker1
6