Gains
EUR/USD LongLooking like we have a long position forming. On the daily time frame we can see a long flag pattern forming. We could potentialy see a bearish movement to a key support level of around 1.0800 but unlikely to break that. Ill be watching carefully around the 1.1000 area where we see the TL to ensure we dont see a bounce. We almost have a 2:1 risk reward on this trade so I am entering my long position around 1.0895.
Good Luck!!
USD/CHF Symmetrical Wedge Pattern In PlayWe have a nice symetrical wedge pattern forming on the H4 time frame. It looks like the overall trend is long at the moment, at least based on the daily time frame.
Wait for the break to enter the long position.
Enter: somewhere around .9925
T/P: 1.0120
S/L: .9853
Remember wait for the break out!!!
Bat Pattern, Cad/Jpy, 30 minHere we see a bat pattern forming in the Cad/ Jpy charts, it is likely that the pattern will complete, because it seems too close to the linear regression line to try to recross without some lower moves. once the pattern completes the market will likely reverse upon completion and rally back across the regression line reaching the 1.618 extension of BC. (this may take as long as 9 hours)
Our actions are as so:
Limit: 100.089
Entry: 99.939
Stop:99.869
Please follow along to see how this trade goes, for updates and more trades , follow me here on TradingView and don't forget to like and comment your opinions.
Thanks for checking this out ! as always Good Trading !
Cypher Pattern , Usd/Chf, 15minHere we see a cypher pattern on the Us Swiss charts.
This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line.
When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to a price action trade, come near the negative deviation line.
I have forecast the market to touch the negative deviation line , which comes out to about 4 hours from now, but it is more likely to take longer and not actually reach the deviation line, but rather just cross the linear regression taking 2 days and 7 hours.
With that said, i have placed my usual actions as the following:
Entry: point B
Limit : 1.618 extension of the BC leg
Stop: point X
Thanks for checking this out, look forward to you comments and likes, as always follow for my predictions!
Thanks and Good Trading!