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AUDUSD Bearish Cypher Pattern Re-entryJust shorted the AUDUSD @.7660, I've been eyeing the Bearish cypher pattern on the daily for a while and was actually short this pair but ended up stopping out for break even after the Fed's rate decision. Luckily I hedged the position against the USDJPY and made profit on that pair. So here we go again, hedging this position again the USDJPY this time! Fundamentally I believe the dollar will gain some strength, and I believe this is a good set up from a technical standpoint as well. Stops are above HOD (If I'm wrong I don't want to eat into my profits from USDJPY, which I am still short) Targets are at previous structure, although the .382 retracement on the Cypher is also a viable option
Short
by eightpac
EUR.USD - Bullish Bat Setup + TP & SLOn the EUR.USD Monthly 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 .9077 & .8218 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 1.4500 Stop loss would be placed below X leg structure support . Target 1 - 1.1737 Target 2 - 1.3374
Long
by UnknownUnicorn180388
24
I don't care if you go up or down, i can trade anyway!Hey guys, if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD. A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations. Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
by Roker1
I don't care if you go up or down, i will trade anyway!Hey guys, if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD. A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations. Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
by Roker1
EUR.USD - BEARISH BAT SETUP - 1.0623On the EUR.USD 15min 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 1.0623 & 1.0630 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 1.0580 Stop loss would be placed above X leg structure resistance . Target 1 - 1.0600 Target 2 - 1.0587
Short
by UnknownUnicorn180388
42
GBP.JPY - Bullish Bat Setup - 138.247On the GBP.JPY 4hr 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 138.247 & 136.459 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 144.00 Stop loss would be placed below X leg structure support . Target 1 - 140.759 Target 2 - 142.293
Long
by UnknownUnicorn180388
22
GBP.JPY - BULLISH CYPHER SETUP - 138.870On the GBP.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 138.870 & 138.445 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 140.200 Stop loss would be placed below X leg structure support. Target 1 - 139.476 Target 2 - 139.847
Long
by UnknownUnicorn180388
2
Cypher Pattern at market on GBPUSD! (TCT trade)Hey guys, this is a Cypher formation that's already completed on the hourly chart. It's in accordance with the higher timeframe trend and so i'm going to use it as an entry reason for a trend continuation trade. The black line represents the previous support that's recently been broken and that could become resistance now. Also, its completion lies right near the 618 retracement of the bigger impulse leg and the RSI has already gone in overbought terriotory. First target at the 618 retracement of AD, and second target as an extension. Stops above X. If you have any question, feel free to comment below. Otherwise, see you in the next chart.
Short
by Roker1
GBP.CHF - Bearish Cypher Setup @ MarketOn the GBP.CHF 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 1.2375 & 1.2405 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 1.2280 Stop loss would be placed above X leg structure resistance . Target 1 - 1.2335 Target 2 - 1.2310
Short
by UnknownUnicorn180388
21