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!
Advancedpatterns
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!
UsdCad 1H - Bearish Gartley Advanced Pattern FormationThe advanced pattern is almost perfect. It depends on the rules someone has on trading these patterns (how tolerant they are on the percentages). In any case, I am aiming for a .38 retracement of the last leg as my first TP. My SL is placed on 1.27 extension of the last leg.
Ask questions & Give comments!!
Bests
Potential Bullish Cypher on EURJPY 1HI have another potential bullish Advanced Harmonic Pattern on my radar.
EURJPY is putting a potential Bullish Cypher on EURJPY , 1H.
Stops below X leg, targets are conventional.
Entry @ 125.58
Stop @ 124.20
Initial Target 1 @ 126.83
Initial Target 2 @ 127.59
Good Luck!
Potential Bullish Cypher on USDJPY, 1HUSDJPY made a valid break below current structure support level(the purple one), and with this break USDJPY should extend lower towards the entry level of the potential Advanced Harmonic Pattern - Bullish Cypher, on 1H.
With this valid break we are in rotation mode, so everything in regards of the Cypher pattern will be conservative
Entry @ 111.37
Stop @ 110.69
Initial Target 1 @ 111.96
Initial Target 2 @ 112.32
Good Luck!
Bullish Cypher Pattern on the 15min Since Euro's recent bullish move up price action has started to retrace (as buyers take off profits) price has formed a cypher pattern.
The D leg completion at 1.13866 is in a previous structure zone which is a very strong case for entry.
looking to take 2 targets for this trade
Target 1 is at 1.14049
Target 2 is at 1.14163
lets see how it pans out
GBPUSD is giving a potential Bearish BatPrice is crawling towards the entry point of a potential advanced harmonic pattern, or Bearish Bat on GBPUSD, 1H.
We are in an established bearish trend, so I will use the Bat Pattern as an entry reason for hopping on that trend.
Stops above X leg, 1st target will be conventional and 2nd will be extended or retest of A's leg.
Bearish Bat
Entry @ 1,2787
Stop @ 1,2844
Initial Target 1 @ 1,2712
Initial Target 2 @ 1.2600
Good luck!
Long Opportunity with HarmonicsHey guys,
here we can see a Bat pattern already completed at 0,9975 level. Stops below X, targets as usual in harmonics. RSI Oversold additional confirmation.
If you want to share ideas or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
GBPUSD - Price locked between 2 Harmonic PatternsSince price broke higher the sturucture level(purple one), GBPUSD is in a sideways move, which is perfect.
Sideways bread advanced patterns, and we have 2 potential advanced harmonic patterns on 15M.
If price goes higher we can short the Bearish Gartley, or if price goes lower we can buy it up - no matter what the price do next, we've locked it :)
Good Luck
Gartley Formation on AUDNZDHey guys,
simple & deep Gartley pattern here. Its deepness allows us to get a better risk to reward ratio and we can also see there's a major daily structure around this level. Entry at the D point with targets as usual for patterns. Stops below X.
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
USDJPY - Bullish Cypher BuildingHi guys,
On the USDJPY a Bullish Cypher is building. Depending on the Initial Jobless Claims (IJC) we will get there sooner or later. I expect a downfall due to bad news again.
Entry Point: 109.9
SL: 109.3
TP1: 110.6
TP2: 111.36
Good luck trading. Do your own analysis. This is no investment advice.
Harmonics on AUDNZDHey guys,
simple & deep Gartley pattern here. Its deepness allows us to get a better risk to reward ratio and we can also see there's a major daily structure around this level. Entry at the D point with targets as usual for patterns. Stops below X.
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
GBPUSD, price near the completion level of a potential GartleyGBPUSD is heading towards the completion level of that potential bullish Gartley Formation.
We are in a sideways move, so it's not a surprise that market is presenting advanced pattern opportunities.
Entry @ 1,2654
Stop @ 1,2614
Initial Target 1 @ 1,2716
Initial Target 2 @ 1,2750
Good Luck!