Cadchf long opportunity structure
abcd
fib retrecemnt 61.8
fib extension 1.414
fib inversion 1.618
*********
wait for
*********
RSI oversold
double bottom
Fibonacci Confluence
USDJPY - Textbook Bearish Cypher pattern at structureAn almost perfect pattern is very, very close to completion and it's a beauty, textbook cypher pattern.
Why ?
AB leg retraces to 0.382 of XA-leg
BC falls perfectly in between 1.272 and 1.414
CD completion at 0.786 has perfect Fibonacci confluence (see chart)
On top of that we have a previous support level that has already proven resistance in the past just above it.
As with most Cypher patterns, the RR ratio for TP1 is inverted (risk is bigger than potential profit), but as Cypher patterns in general are quite successful, it is definitely worth it. TP2 has an approximate 1.5 RR ratio.
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GBPAUD: VALID BEARISH CYPHER PATTERN WITH GOOD RISK TO REWARD!!!Hello Traders,
Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a really nice bearish pin bar right at the X point. Thus we might see the market come back up near the bearish pin bar and so our stops need to go above that pin bar. So we got 3 different Fibonacci confluence zones + the bearish pin bar, if the market is able to go through all these "potential" resistance levels than we better make sure to exit with a small loss. See the chart above for more information.
Trade Summary:
Short Entry Level: 2.0600 (psychological round number)
Stop level: 2.07956 (risking 0.94% of total equity)
Target #1: 2.03698 (potential return of 1.12%)
Target #2: 2.02272 (potential return of 1.82%)
HIGH IMPACT NEWS EVENT: Got "Services PMI" number coming out tomorrow early morning from GBP @ 4:30 AM.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
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EURGBP THREE BULLISH HARMONIC PATTERNS SETTING UP H11) Bullish Gartley @ 0.76193
2) Bullish Bat @ 0.76035
3) Bullish Cypher @ 0.75710
4) Trend Continuation
5) Fibo Confluence
Trend : Bullish (one of the reasons to go long)
AUDJPY - NEUTRAL - 4HR BEARISH CYPHER Hi All, here we have a Bearish Cypher - how ever I do not think we will see this get here, I think we will break past the C Leg which will invalidate this pattern. We may test the C Leg and bounce back before continuing to the downside. I have 3 or 4 key levels that I will be watching price action along with RSI and some other filters.
We have 141 and 127 FIB Ext Confluence and also close to the 81.0000 even number. If we continue straight down and miss these levels I will be very interested to see what happens at the Major Support Blue Lines - confirmation from HTF these are respected levels. Happy Trading
EURNZD H1 Possible Bullish BAT PATTERNHELLO,
IF WE SEE A D LEG COMPLETION OF AT A 0.88% THEN THE BAT PATTERN WILL BE COMPLETED
STOPS ABOVE X LEG
TGT1 0.382%
TGT2 0.618%
#USDJPY Short Idea (Structure, Fibonacci, Head and Shoulders)#USDJPY Short Idea (Structure, Fibonacci)
@TradeYodha
TradeYodha.com
1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming?
2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma
3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced patterns
4. The price is close to 70 RSI at the moment so there are chances for it to go over bought by the time it reaches the zone.
News/Fundamentals Expected:
21 April: 11:50pm JPY Trade Balance
23 April: 12:30pm USD Unemployment Claims
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#USDJPY Bat and Gartley Patterns@TradeYodha (TradeYodha.com)
#USDJPY Bat and Gartley Patterns
1. Bat Pattern in the zone
2. Gartley Pattern in the zone
3. Previous Structure
4. Harmonic Move
5. Confluence with 61.8 fib level in the zone
6. 200SMA reaching the zone
7. DXY (Dollar Index) is also due a retracement. See related idea. That should being USD to this zone for a Long Entry
I would love to hear your opinion, feel free to agree or disagree in your comments.
#USDJPY Daily Butterfly Pattern Short Idea#USDJPY Daily Butterfly Pattern Short Idea
1. RSI divergence showing up on 4H indicating slowing momentum but is not double top
2. round number 122.00 confluences with fib extensions
3. Price is not oversold yet. There is still room for upward movement before it hits the zone
4. 50SMA can give us our first target
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
#EURNZD 4H Short Zone@TradeYodha (TradeYodha.com)
#EURNZD 4H Short Zone
1. Check out wicks and spikes indicating high supply in these zones
2. this zone confluences with major fib levels
3. they also confluence with round number 1.50000
4. Possible Bat pattern setting up too in that first zone
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your battle well in advance and win.
#GBPCAD 4h Short (Fib, structure retest)@TradeYodha
TradeYodha.com
GBPCAD 4h Short Opportunity
1. Structure retest
2. FIB 38.2 level confluence with 161.8 fib extension
3. 50 sma in the region
Beware of the round price level 1.91000 close. Price can retest that and fall
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your battle well in advance and win.
#AMZN #AMAZON Possible Short Idea (Bat Pattern Forming)#AMZN #AMAZON Possible Short Idea (Bat Pattern Forming)
Butterfly Pattern
Fib confluence & 2 patterns
overbought
Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
