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USDCAD - Bearish Cypher+++ Don't forget to LIKE & Follow+++ I came late to the USDCAD, and the price did formed a Bearish Cypher Pattern on 1H - and I got filled at better price. Entry @ 1.2946 Stop @ 1.2993 Initial Target 1 @ 1.2902 Initial Target 2 @ 1.2874 Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
BULLISH BUTTERFLY FINISHING ON 1H EURAUDA nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support being currently tested is a nice target to test as a resistance once the pattern finishes. Watch the price action near the PRZ to make entry as well as the RSI to suggest oversold and long entry.
Long
by Carlos_LL
GBPJPY 15 Bearish BAT PATTERN @ 157Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 157 in which i would have a sell limit in place and stop loss will be placed above the X leg which I use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 60 pips x 2 = 120 pips Reward #1: 82 pips. R:R = 1:1.4 Reward #2: 133 pips. R:R = 1:2.2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
GBPJPY: Using Patterns, Harmonics, Fibs & Structure (w/ video)Looking for a short opportunity here on the GBPJPY using advanced pattern recognition, harmonic movement, Fibonacci ratios and structure identification. For a more in depth explanation of what i'm looking at see the attached video link below. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com "Learn to Trade: FOREX TRADING Using Fibonacci, Harmonics, Structure & Advanced Patterns" youtu.be
Short
by Akil_Stokes
12
GBPUSD: Bullish Bat Pattern After Inflation ReportHey traders we just had the inflation & interest rate news come out for the GBP pairs and the reaction is sending price action down to a potential advanced pattern completing at 1.5269's. i like to give 15 minutes for news to play itself out and afterwards I'm allowed to continue my trading Also as a reminder tomorrow is also a big news day as we have the month Non Farms Payroll release, so make sure you refer to your trading plan on how you handle these types of events. Word of advice, if you don't have a plan, you probably shouldn't be trading this...or anything else until you develop one. Have you seen my latest video? "The Pros & Cons of Money management Strategies www.youtube.com Akil Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
54