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BTC/USD Potential Bearish Cypher Pattern #Bitcoin $BTCShort at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618. I enjoyed this short video on this pattern . Simplified image via Google search . If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows. I occasionally post unpublished ideas / charts on Twitter: @grahvity
BITSTAMP:BTCUSDShort
by grahvity
5
NZDUSD Daily Outlook + TCT+ Bat PatternNZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I have made a "Kill Zone" using a variety of technical patterns. 1. We have a Bat Pattern completion @ .7565 2. ABCD Pattern (just barely makes into my kill zone) completion @ .7414 along with the 78.6% Fib Retrace 3. 1.618% Ext - Pulled from lows to B leg of Bat Pattern. It has a nice confluence with the Bat Pattern This will be a HIGH CTS (Combined Technical Score) trade IF market will push back up there. Best of Luck!
Short
by PateSkpate
Rare Advanced Pattern Cluster - EUR.AUD - Cypher, Bat & GartleyOn the EUR.AUD 15 min chart we 5 potential long opportunity's at the D leg completion of Bullish Cypher, Gartley and Bat setups. Bullish Cypher Setup ( White ) - D leg completion 1.5503 Bullish Bat Setup (Red) - D leg completion 1.5490 Bullish Gartley Setup (Yellow) - D leg completion 1.5492 Bullish Gartley Setup (Green) - D leg completion 1.5498 Bullish Gartle y Setup (Purple) - D leg completion 1.5512 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
10
Harmonic Patterns ratio and examplesHi, Above, some harmonic patterns that i often look for (bullish ones) These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion. If the point D occurs with some divergence on classic oscillators (RSI / Macd, Sto), on a bottom (or top, if pattern is bearish) of a trendline / channel, previous support/resistance levels, supply/demand zone...then there are good probabilities to see price react on the completion of the pattern. There are plenty of patterns, but this selection, from my side, is a good start for those who want to learn harmonic pattern. Below some examples that have worked nicely (this don't work each time, this would be too easy ;)
FX:XAUUSDEducation
by pixi
3