Possible bear Cypher on my RadarHey Traders
Its been a minute since my last post and i just want to share with you a possible bear cypher on my radar this monday on the GBPUSD
things are not looking pretty for patterns lately but this is the journey of trading that we all expect and prepare ourselves for.
plan your trade, trade your plan
Cheers
Jason_stapleton
EURUSD potential gartley pattern - short opportunit200 pipsgood day everyone
we are seeing now on the raddar on 4 hrs EURUSD a potential gartley pattern
its a positive thing also that the RSI and stochastic are overbought
waiting now for a lower low to enter and get 200 Pips as per the chart showing .
be patient
and happy hunting
NZDUSD Potential Bear Bat 15mLooking @ the 1hr price has put in a lower low lower close and has tested previous structure. As Price retraces out of previouse structure we have a potential bear bat setting up her on the 15m
IF price can rallie up into .73330 level
Stop above X
T1 @ 382 of A to D
T2 @ 618 of A to D
CYPHER PATTERN FINISHING ON EURUSD 1HA bullish Cypher is finishing on EURUSD 1H, RSI diving into oversold territory provides an argument for a LONG entry. T1 @ 382 of CD leg, SL below X. Previous structure suggests possible better entry at around the 886 retracement. Solid price action leads to pattern completion. Took the CD leg on structure and candle signal, waiting for price to hit entry level
CYPHER FINISHING ON NZDUSD 4HA bullish Cypher pattern coming to a finish on NZDUSD 4H. Took the CD leg with target @ 786 retracement. Previous structure suggests a better entry near the 886, however rules are rules and are used for specific reasons. T1 @ 382 of CD leg, secondary target @ 618 nearing previous structure resistance (inside). Overall uptrend on this pair plays for a favorable pattern, perhaps a TCT larger trade. SL below X and slightly below previous structure low. Two Gartleys have worked out nicely on this pair. A missed pivot on .70550 makes for a good case of this pattern coming to a finish.
Good trading.
CYPHER FINISHING ON 1H NZDJPYA Cypher potentially coming to a finish on NZDJPY 1H currently on a pullback of the CD leg. Fib extensions and previous structure suggest perhaps a trip to the .886 retracement but entry is @ .786. T1 @ .382 of CD leg moving up stops once it is reached. Risk Reward is not fabulous but it´s in an upward overall trend.
ADVANCED NZDUSD CYPHER FINISH ON 4HA Cypher finishing on NZDUSD 4H. Previous structure high 30 pips above .786 entry spot could prove for a better entry and reversal. T1 on .382 (B Retracement is previous resistance, could prove a good support test before continuing to T2) and T2 on .681 CD leg. RSI divergence on overbought with price action losing strength to the upside.
GARTLEY PATTERN FINISH ON EURUSD 4HAn odd looking Gartley but a Gartley nonetheless is finishing on EURUSD 4H chart. A Bounce on the .786 XA leg would also begin the CD leg of yet a larger Bearish Gartley. Structure lows provide good argument for LONG entry along with an RSI entering oversold levels. C point coincides with .382 retracement of AD leg and is also previous structure high giving a good T1.
A Shout Out to Akil_Stokes for pointing out the long entry levels.
CYPHER PATTERN FINISHING ON CADCHF 4HA Bullish CYPHER pattern coming to a finish on CADCHF 1H. RSI sliding toward oversold territory favoring a LONG entry. First target @ .382 retracement of CD leg. Previous structure lows around .74638 could provide a slightly better entry just below the .786 retracement level.
BULLISH BAT PATTERN ON CADJPY 1HA Bat pattern is coming to a finish on CADJPY 1h. First target @ .382 retracement of AD leg. However, previous structure lows could provide better entry a bit below the .886 XA retracement @ 82.356 to 82.206. Price action around those levels will signal a better entry perhaps. RSI is heading into oversold territory supporting a LONG entry.
BULLISH BUTTERFLY FINISHING ON 1H EURAUDA nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support being currently tested is a nice target to test as a resistance once the pattern finishes. Watch the price action near the PRZ to make entry as well as the RSI to suggest oversold and long entry.