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USD.CHF - Short Opportunity @ 1.0096On the USD.CHF 4hr 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 1.0096 & 1.0107 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 1.0020 Stop loss would be placed above X leg structure resistance. Target 1 - 1.0061 Target 2 - 1.0041
Short
by UnknownUnicorn180388
6
GBP.NZD - Long Opportunity At 1.7739On the GBP.NZD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.7739 & 1.7646 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 1.8000 Stop loss would be placed below X leg structure support. Target 1 - 1.7868 Target 2 - 1.7950
Long
by UnknownUnicorn180388
8
EUR.AUD - Long Opportunity At MarketOn the EUR.AUD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.3999 & 1.3940 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 1.4180 Stop loss would be placed below X leg structure support. Target 1 - 1.4082 Target 2 - 1.4133
Long
by UnknownUnicorn180388
24
GBP.USD - BEARISH CYPHER SETUP - 1.2515On 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 1.2515 & 1.2557 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 1.2400 Stop loss would be placed above X leg structure resistance. Target 1 - 1.2456 Target 2 - 1.2421
Short
by UnknownUnicorn180388
28
GBP.USD - BEARISH CYPHER SETUP - 1.2474On 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 1.2474 & 1.2504 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 1.2380 Stop loss would be placed above X leg structure resistance. Target 1 - 1.2430 Target 2 - 1.2405
Short
by UnknownUnicorn180388
16
Time to go long? (AUDCAD analysis)Hi guys, with a new week ahead i want to share with you this interesting situation on AUDCAD. On the daily chart we are now testing a key structure level: as we approach that level i go on lower timeframes in order to catch an additional confirmation of the upward reaction move. As you can see on the chart i found different clues supporting my view. At first, there are two adavnced pattern formations (Bat, Cypher) already completed at this level. Then, we also have a nice oversold condition on the RSI and price has just touched the 1.618 extension of the previous downward move and the 382 retracement of the daily impulsive move. So, these are the reasons that make me think it could be a nice spot in order to seek for long opportunities, such as double bottoms, engulfings, pinbar and so on. If you want to be updated, follow me. For any questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
4
Harmonics on AUDCADHi guys, with a new week ahead i want to share with you this interesting situation on AUDCAD. On the daily chart we are now testing a key structure level: as we approach that level i go on lower timeframes in order to catch an additional confirmation of the upward reaction move. As you can see on the chart i found different clues supporting my view. At first, there are two adavnced pattern formations (Bat, Cypher) already completed at this level. Then, we also have a nice oversold condition on the RSI and price has just touched the 1.618 extension of the previous downward move and the 382 retracement of the daily impulsive move. So, these are the reasons that make me think it could be a nice spot in order to seek for long opportunities, such as double bottoms, engulfings, pinbar and so on. If you want to be updated, follow me. For any questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1