BULLISH BAT PATTERN FINISHED ON 1H GBPUSDA nice Bat finishing on 1H GBPUSD, this trade is a continuation off a previous Cypher and an AB=CD pattern. TP are placed @.382 AD retracement, secondary @ .618. SL placed below X, taking into consideration previous structure lows, look left....This could retest previous support @ 1.4638. RSI oversold favoring a LONG entry.
We´ve done well with this pair hitting T1 on the Cypher, stacking up on the pullback for the Trend Continuation and AB=CD pattern all the way down to this D finish.
Jason_stapleton
BULLISH GARTLEY PATTERN NEARING FINISH ON 1H EURNZDA Gartley pattern is coming to finish on 1H EURNZD. Trade is active on the CD leg of the move. Previous structure low suggests entry @+- the .886 retracement. RR ratio is acceptable to the .382 TP target which could help a further Trend Continuation Trade to the CD finish of another bigger pattern developing. RSI entering oversold limits which favor a long entry.
AB=CD PATTERN OFF PREVIOUS CYPHER FINISH ON 1H GBPUSDAn AB=CD pattern forming CD leg coming off a D finish on a Cypher pattern on the 4h GBPUSD. Trend continuation trade having taken profit on the AB leg continuing the downward momentum. Confluence @.786 retracement and RSI on overbought favoring a short entry.
BEARISH BUTTERFLY PATTERN ON 1H AUDJPYButterfly pattern finishing on 1H AUDJPY with .886 retracement confluence. Previous patterns have played out nicely on this pair. SL placed at previous structure high gives good R-R ratio. TP targets @ .382 A-D and .618 A-D. RSI on overbought favoring a short entry with previous divergence.
POTENTIAL BULLISH BUTTERLFY PATTERN FORMING ON AUDUSD 15 MA nice potential Butterfly pattern forming on the 15M chart of AUDUSD, I´m on a short position on structure retest along the finish of the CD leg. The first potential PRZ @ the 1.27 extension of the XA leg and the second limit @ the 1.618 extension at previous structure lower low. Targets will be based on the RZ.
BAT PATTERN FINISHING ON 4H GBPJPYAn odd looking Bat finishing on the 4h of GBPJPY, price action strong on the 886 level, RSI on oversold favoring a short entry. Previous Bat patterns on this pair have paid off nicely. First target @ .382 of CD leg, secondary @ .618. Stops above X which is previous structure higher high.
USDJPY Downtrend Continuation Trade Setupas you can see the fibonacci confluence are there with extension and the retracement at 0.382
with the long term downtrend from daily chart trendline.
the kill zone area is when the probably the potential entry point.
Feel free to comment as I'm a new trader
Goodluck and happy trading
SHORTING AUDNZD I have left everything on the chart for you guys/girls to read. if you have any questions just send me a message and i can help out sure thing.
Just want to shout out to Akil Stokes and Jason Stapleton for great material. Go check out there free stuff! They have by far the most valuable trading information on the planet and 99% of it is all free
The language of the market.You can see folks that the market has been making lower lows and lower highs and then now, all of a sudden ....... WOW !!! A new structure high forms, the market is giving me an indication that it intends to shift its direction. So as price action make a higher high higher close and comes back down back to structure I will be buying, and look left structure leaves clues.
So we have:
1.) Price action making higher highs and higher closes
2.) Structure
3.) Looks at them rejection wicks at that level
4.) Lastly, we also have a Gartley completion on the hourly.
Bear Bat @ Structure on the MonthlyAfter zooming out to the monthly chart trying to get an idea of whats to come I saw this bat.
Its interesting that it could complete @ structure.
I don't trade the monthly charts, but one might use this as a reason to get short on a lower time frame.
Whats in your plan?