Bracketing GBPUSD with Advanced PatternsI just put out a video breaking down both of these advanced patterns on GBPUSD. You have a bearish bat pattern that will potentially complete at 1.3015 and a bullish cypher that will potentially complete at 1.2813.
In the video i also cover a few different ways to enter short on a structure trade on USDJPY. If you would like to see the video here is the link. youtu.be
Good luck and good trading
Learntotrade
Potential Long Set Up On NZD/USD NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all the amateur traders out once it reaches this significant event area, where all the pros start buying the market.
IMPORTANT: MAKE SURE YOU RISK MANAGEMENT IS AT A GOOD LEVEL, DO NOT RISK MORE THAN 3% OF YOUR TRADING ACCOUNT PER TRADE AND THAT'S ONLY ON A HIGH PROBABILITY TRADE!
Short EURUSD (Bearish Bat)Just got short EURUSD on this bearish Bat pattern.
Minimum stops need to be above X at 1.0689 with target 1 at a 38.2 fibonacci retracement and target 2 at a 61.8 fibonacci retracement.
If you would like to follow all of my live trades, you can sign up for free on my website: www.bctradingsystems.com
Good luck and Good trading.
Potential Bearish Cypher on GBPUSDThere is a potential bearish cypher setting up on the GBPUSD. This pattern will potentially complete @ 1.25151. Minimum stops need to be above X at 1.25559 with target 1 at 1.24585 and target 2 at 1.24241.
As always, make sure to follow your plan. Good luck and good trading.
GBPCHF Daily Bullish Bat Potentialon the GBPCHF chart we could get a potential Bullish Bat .
The completion of the Bullish bat Pattern offers a trading advantage and a chance to buy the
GBPCHF
D completion point shows ratio confluence with the 161,8% of AB.
The PRZ zone is only a guideline where we will be paying attention to.
GBPJPY 4hr = BAT potential and maybe a ABCD patternHello traders,
I see a potential BAT Pattern and eventually a ABCD Pattern on the 1hr chart.
the D leg from the Bat could come in nicely with the ABCD (D) Leg.
This pair is on my radar.
Note:
since I am still learning the Patterns etc. this is my Idea
I would be happy to hear what you guys think.
USDJPY Pennant Pattern BreakoutSyndicate members there will be a video coming out on this shortly, but I wanted to share with you guys a potential breakout trade that I have on my radar this Tuesday Morning.
If you're unsure on the different ways to trade these types of simple consolidation pattern you can check out the video I posted 2 weeks ago titled "How To Trade Breakouts"
But there is a lot of potential upside on this trade especially when you consider the levels of structure that we have just broken & the next levels of potential resistance that lie on the daily around the 111 even handle.
USDCADNon farm payroll has kept me away from the USD pairs as this pair will be very volatile and unpredictable in the way it moves however I have still analysed it. On the 1 hour window im expecting price to keep moving within the side trend for now and potentially come down to 1.31403 and break below down to1.31073, if not it will come down to around 1.31403 and then bounce back up and continue along the side trend. More fundamental analysis may be required due to this news (Non farm payroll)
2 Advanced Pattern formation on USDJPY 4HOne gartlety which is at market. and Bat waiting for compeletion at 103 Even. TIme to consider where to place your stops and have a minimum stoploss. I have a rule for max stoploss of 100 pips. so I will wait for price action to come with in that Zone.
I will use the filter of RSI being over bought and Divergent for a reason for entry on the lower time frame
EURUSD: Bearish Bat, Bearish Cypher, Structure ShortWe've had this one on our radar for a while now & finally price action has reached the completion point for our Bearish Advanced Bat Formation. (There's also a potential Bearish Advanced Cypher Formation hanging out a little higher)
Because this pattern formation is to large for my liking, I'll be keeping an eye on the Pre-Brexit highs for a structure based trading opportunity as my way to potentially get involved. As mentioned in last nights video, I'm actually not to sold on this level as my analysis on the HTF's is telling me bullish breakout. But if there's a conservative way to involved myself (that meets my rules of course) then I'll be in. After all, as a counter trend trader we're only looking to grab a cookie crumb from the market & not a full cookie.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
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