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Krunal.patel

CADJPY 60 Bearish CYPHER PATTERN @ 84.75Hi Guys, This is a bearish CYPHER pattern @ 74.10 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 65 pips x 2 = 130 pips Reward #1: 67 pips. R:R = 1:1 Reward #2: 108 pips. R:R = 1:1.65 Plan your trade... Trade your plan.
Short
by Krunal.Patel
EURGBP 60 Bullish CYPHER PATTERN @ 0.7865Hi Guys, This is a bullish CYPHER pattern @ 0.7865 and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 29 x 2 = 58 pips Reward #1: 31 pips. R:R = 1:1.1 Reward #2: 51 pips. R:R = 1:1.75 Plan your trade... Trade your plan.
Long
by Krunal.Patel
NZDJPY 15 Bearish CYPHER PATTERN @ 74.10Hi Guys, This is a CYPHER Pattern according to my trade plan. I like this particular setup because the 'X' leg is coming from a strong point of resistance which means I can have a more aggressive approach by keeping my stop loss pretty tight above the resistance area. This is a bearish CYPHER pattern @ 74.10 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 29 pips x 2 = 58 pips Reward #1: 29 pips. R:R = 1:1 Reward #2: 45 pips. R:R = 1:1.55 Plan your trade... Trade your plan.
Short
by Krunal.Patel
EURUSD W Bearish GARTLEY PATTERN @ 1.1600Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 1.1600 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 335 pips x 2 = 670 pips Reward #1: 420 pips. R:R = 1:1.25 Reward #2: 680 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
4
GOLD 15 GARTLEY PATTERN @ 1286.30Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 1286.30 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 4.60 Points x 2 = 9.20 Points Reward #1: 5.60 Points. R:R = 1:1.2 Reward #2: 9.00 Points. R:R = 1:1.9 Plan your trade... Trade your plan.
FX:XAUUSDShort
by Krunal.Patel
USDCAD 15 DOUBLE TOP 2618 TRADE @ MARKETHi guys, Here, I am looking for a reversal. The market was in a nice bullish move but this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a sell limit in place at that level. This trade is known as the 2618 trade. My stop loss will go above the double top and that level has also held good resistance in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 40 pips x 2 = 80 pips Reward #1: 40 pips. R:R = 1:1 Reward #2: 85 pips. R;R = 1:2.1
Short
by Krunal.Patel
EURNZD 15 Bullish CYPHER PATTERN @ MARKETHi Guys, This is a bullish CYPHER pattern @ MARKET and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 47 x 2 = 94 pips Reward #1: 50 pips. R:R = 1:1.1 Reward #2: 80 pips. R:R = 1:1.8 Plan your trade... Trade your plan.
Long
by Krunal.Patel
GOLD 60 DOUBLE TOP 2618 TRADEHi guys, Here, I am looking for a reversal. The market was in a nice bullish move but this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a sell limit in place at that level. This trade is known as the 2618 trade. My stop loss will go above the double top and that level has also held good resistance in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 16 points x 2 = 32 points Reward #1: 16 points. R:R = 1:1 Reward #2: 26 points. R;R = 1:1.6
FX:XAUUSDShort
by Krunal.Patel
USDCAD 4H Bearish CYPHER PATTERN @ 1.2870Hi Guys, This is a bearish CYPHER pattern @ 1.2870 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 150 pips x 2 = 300 pips Reward #1: 160 pips. R:R = 1:1.05 Reward #2: 255 pips. R:R = 1:1.70 Plan your trade... Trade your plan.
Short
by Krunal.Patel
USDSGD W Bullish BAT PATTERN @ 1.2800Hi Guys, Cypher pattern which has good support plus a big psychological level @ 1.2800. Good area to look for long trades. Lots of pips to risk on this trade so micro lots will be used. This is a bullish CYPHER pattern @ 1.2800 and stop loss will be placed below the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 600 pips x 2 = 1200 pips Reward #1: 630 pips. R:R = 1:1.05 Reward #2: 1000 pips. R:R = 1:1.65 Plan your trade... Trade your plan.
Long
by Krunal.Patel
NZDCAD 15 Bearish BAT & GARTLEY PATTERNS BOTH @ 0.8813Hi Guys, This is a really good setup right here, we have a bearish BAT AND GARTLEY completing at the same level! This is my 2 favourite patterns on one chart, they give such good risk to reward. The stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 20 pips x 2 = 40 pips Reward #1: 30 pips. R:R = 1:1.5 Reward #2: 50 pips. R:R = 1:2.3 Plan your trade... Trade your plan.
Short
by Krunal.Patel
EURCAD 4H Bearish CYPHER PATTERN @ 1.4835Hi Guys, This is a CYPHER Pattern according to my trade plan. I like this particular setup because the 'X' leg is coming from a strong point of resistance which means I can have a more aggressive approach by keeping my stop loss pretty tight above the resistance area. This is a bearish CYPHER pattern @ 1.4835 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 230 pips x 2 = 460 pips Reward #1: 250 pips. R:R = 1:1.1 Reward #2: 400 pips. R:R = 1:1.75 Plan your trade... Trade your plan.
Short
by Krunal.Patel
AUDJPY 4H Bullish CYPHER PATTERN @ MarketHi Guys, This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly occurs. This is a bullish CYPHER pattern @ MARKET and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 150 pips x 2 = 300 pips Reward #1: 210 pips. R:R = 1:1.4 Reward #2: 320 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
AUDCAD 30 Bearish GARTLEY PATTERN @ 0.9595Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 0.9595 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. This is a very trend-friendly trade, therefore I would keep a trailing stop on second targets, IF/WHEN first target is hit. Thank you for your support. Trade Numbers: Risk: 20 pips x 2 = 40 pips Reward #1: 27 pips. R:R = 1:1.4 Reward #2: 44+ pips. R:R = 1:2.2+ Plan your trade... Trade your plan.
Short
by Krunal.Patel
AUDUSD 60 Bearish BAT PATTERN @ 0.7740Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 0.7740 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 50 pips x 2 = 100 pips Reward #1: 73 pips. R:R = 1:1.5 Reward #2: 120 pips. R:R = 1:2.4 Plan your trade... Trade your plan.
Short
by Krunal.Patel
EURJPY 15 Bearish BAT PATTERN @ 122.80Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 122.80 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 35 pips x 2 = 70 pips Reward #1: 43 pips. R:R = 1:1.2 Reward #2: 70 pips. R:R = 1:2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
GBPJPY 15 Bearish BAT PATTERN @ 157Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 157 in which i would have a sell limit in place and stop loss will be placed above the X leg which I use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 60 pips x 2 = 120 pips Reward #1: 82 pips. R:R = 1:1.4 Reward #2: 133 pips. R:R = 1:2.2 Plan your trade... Trade your plan.
Short
by Krunal.Patel
GBPAUD 60 DOUBLE TOP 2618Hi guys, Here, I am looking for a reversal. The market was in a nice bullish move early last week but started consolidating towards the end of the week plus this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a sell limit in place at that level. This trade is known as the 2618 trade. My stop loss will go above the double top and that level has also held good resistance in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 63 pips x 2 = 126 pips Reward #1: 65 pips. R:R = 1:1 Reward #2: 92 pips. R;R = 1:1.5
Short
by Krunal.Patel
AUDUSD 15 Bearish BAT PATTERN @ 0.7640Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern. I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 0.7640 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 15 pips x 2 = 30 pips Reward #1: 20 pips. R:R = 1:1.4 Reward #2: 32 pips. R:R = 1:2.2 Plan your trade... Trade your plan.
Short
by Krunal.Patel