Based
USDJPY bullish cypher as entry reason for structure base tradeUSDJPY bullish cypher as entry reason for structure base trade
USDJY is giving at market a long opportunity with this bullish cypher. Looking at D1 and H4, is can be seen as an entry reason for a longer term long entry
Entry @ 108.55
SL @ 108.11
If you decide to take Cypher's traditional TPs:
TP1 @ 108.80
TP2 @ 109.00
If you decide to take longer term TPs:
TP1 @ 109.33
TP2 @ 110.22
As always, comments are welcome
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"Build a plan, follow it consistently"
Regards
Rafael
CWEI analyse long termI think that CWEI will rise to 60 or less if the stock come back to 40,00 $.
I think so due to the fact that
·the price just broke 1 ( 0.28 )Trend-Based Fib Extension
· also it broke the down trendline
· it just had an pullback in the pitchfork you could see in the picture
· also an uptrend just started
Bat and Cypher patterns and structured based tradeThis is my first Publish Idea this would be a cypher and a bat pattern ( I set thouse patterns based on my own rules )
but before that there is a structured based trading oportunity, so with any luck we could get 2 consecutive trades with STOP AND REVERSE
NOTE: I Know my english sucks so don't bother leting me know that xD
Fib Extension ToolYou can use it for different things. my main use for it is to project targets based on impuls legs. not always will an ABCD pattern have the AB=CD 1:1 ratio. CD will often be in a fib ratio to AB like indicated on the chart. using the tool you can find different levels quickly and even set your own custom level values.
You can find it in your drawing toolbar by clicking the third icon and selecting "Trend-Based Fib Extension"