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Advancedpatterns

AUDUSD 240min Bear TCTI've been waiting patiently for AUDUSD to pullback into an area where I can get a good R:R Trend Continuation Trade out of it. It has formed a Bat Pattern which allows me to place sell orders at very good level. I will be trading 2 targets on this trade and will trail stops on the 2nd position. On the Daily chart, price has been channeling between Support and Resistance for quite some time now. It has recently come off of the Resistance Zone and is hopefully on its way down to the daily support level.
Short
by PateSkpate
3
Advanced Pattern & Elliot Wave confluence +300 Pips OpportunityNice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday. Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting resistance area. A combination of a completed 5 wave Elliot move + BatPattern + RSI overbought. Target on the 38.2% retracement should provide more or less 300 pips. If price comes back and double tops at entry a second chance is provided to target another 300 pips. Those brave traders who are willing to sell into strength may receive some significant return if this strategy pays off. BatPattern, especially on EUR/USD have a high rate of success but remember, no trade is a sure game!
Short
by LorbeerInv
Massive Bearish Bat PatternThere is a massive potential bearish bat pattern currently setting up on the EURUSD. Now this pattern is on the Daily Time Frame, so make sure to check your risk. If you use a 1 ATR Stop, you will have 200 pips of risk. If you can handle the risk though, this is a very nice potential opportunity. This will complete at 1.11896 with minimum stops above X at 1.12989. Target 1 will be at the 38.2 Fibonacci retracement level (1.08651) and target 2 at the 61.8 retracement level (1.06646). As always, follow your plan. Good luck and good trading.
Short
by tommyb35
Cypher Pattern + Double Top on CHFJPYHi guys, this may came too late but for pattern traders, this is still a valid entry reason, i usually take patterns with a limit order only when certain condition are met, and this is not the case. However i can still enter the trade with a valide structure reason, like the double top that you see here (with RSI Divergence). If and when price will come back, i'm going to sell this market, hoping for a completion of the pattern's targets. Stops above the highs (and possibly above X), targets with 382 and 618 retracement of AD. If you have questions or if you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
Harmonics + Structure! (CHFJPY analysis)Hi guys, this may came too late but for pattern traders, this is still a valid entry reason, i usually take patterns with a limit order only when certain condition are met, and this is not the case. However i can still enter the trade with a valide structure reason, like the double top that you see here (with RSI Divergence). If and when price will come back, i'm going to sell this market, hoping for a completion of the pattern's targets. Stops above the highs (and possibly above X), targets with 382 and 618 retracement of AD. If you have questions or if you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
Discipline in trading is especially hard for forex tradersI love trading forex due to many reason one being the high volatility. You almost always get second chances for entries and exits. Prices tends to oscillate around their "fair value" al to more than in Stocks or ETF´s. There is almost no pair the rallies 50% in a year. While there are scenarios for early exit, one should only execute such planed exceptions right? But even after 12 years of trading my n°1 mistake remain early profit taking!
Short
by LorbeerInv