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Patterntrading

USDCAD - 4 HOUR - POTENTIAL BULLISH CYPHERHere on the USDCAD 4 Hour timeframe we have a potential bullish Cypher Pattern setting up. Not shown on this chart, but if you look left we've just run into a zone of previous structure support around the 1.30 level & my higher timeframe analysis sees this as a level in which we may see a bigger reversal than just the small relief that is usually expected from pattern trades. *In another post I'll share the at market Gartley Pattern that we have on the hourly chart* As always if you have a questions, comments or just wanted to share your idea on this pair please do so below! Also how about those Everton signings! :-) Your Trading Coach Akil
Long
by Akil_Stokes
2
GBPAUD - 1 HOUR - MULTIPLE PATTERN FORMATIONSWhen the market is in consolidation (not trending/between trends) a lot of people tend to shy away because there is no clear directional movement. This is true, but it doesn't mean that there aren't trading opportunities available. If you're an advanced pattern trader then periods of consolidation are times when you need to be on alert for setups as they are typically plentiful. In this example, we have no idea on which way price is going to ultimately go, but as you can see, whichever way it does, there will be a potential opportunity to take advantage of. Wishing you the best today in the markets & as always if you have any questions, comments or just want to share your view on things please leave it in the comment section below & I'll be sure to respond. Plan Your Trade, Trade Your Plan! Your Trading Coach - Akil
by Akil_Stokes
6
ESP35 - Bearish Gartley In Bigger Bear Pullback SetupI just started watching this index a few days ago after one of our live room members brought it up, so I have zero understanding of it's personality. Now I know that may seem dumb to many of you but it's actually very important since different setups perform differently depending on the markets personality. (THAT'S WHY WE BACKTEST) But last week we broke a pretty decent level of structure support & we were waiting for a retest of that previous support turned potential resistance to be used as a chance to hop on a bearish pullback trade to the downside. After some consolidation, we've no put in a bearish Gartley pattern which can be used as an aggressive reason to enter the aforementioned pullback trade. Akil
FX:ESP35Short
by Akil_Stokes
2
STRONG DAILY EVENING STAR IN EUR/USD, real or fake ?As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR! What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. so clearly we have a fight between bulls and bears in euro/usd : Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS ! so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd. I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700. important demand area for euro/usd bulls : 1.1720-1.1700
Short
by FOXofFX
GOLD | XAUUSD | Log Time Pattern Analysis (Since FEB 2019)This is a representation of all major pattern trade occurrences in Gold since February 2019. Each 👍 represents a winning trade and each 👎 represents a losing trade. (Only found 2 losing trades since Feb 2019) And the good news is that price is on the way to another winning trade right now!! Look inside to see yourself 👍 Disclaimer : This is just a representation of my personal trading analysis and should not be considered as any financial advice. Trade at your own risk.
FOREXCOM:XAUUSDLong
by Sankapathum
1
NAS100 - 4 Hour - Bat Pattern Within High & Tight Flag PatternIt's hard to show the bigger & smaller picture here without having a very ugly looking chart, but the NAS100 has been bullish lately & is now forming a sideways channel at the end of it's last extension higher. This formation is called a high & tight flag formation & it's one of my favorite setups for breakout/Continuation trading. Something that we also know is that Advanced Pattern formations often form during periods of consolidation in the market & what we currently have forming is a potential bullish bat pattern with a completion point towards the lower end of the channels range. Entering at the bottom of the range is risky because it doesn't provide confirmation of a bullish breakout, but what it does provide is an opportunity to create an excellent risk to reward situation. Because this is an index (which is typically more directional) I look at a conservative target being the retest of the channels highs & using an active trade management method to trail stops while you look to be involved in the continued move higher. I hope you guys have a great weekend & as always if you have any questions, comments or just want to share your analysis, please leave them below. Your Trading Coach - Akil
OANDA:NAS100USDLong
by Akil_Stokes
Rectangle Top (bullish)CURRENT CONFIDENCE = 68% TARGET (EXIT) PRICE = 9.723198 HKD BREAKOUT (ENTRY) PRICE = 9.685407 HKD DISTANCE TO TARGET PRICE = 0.21% (206.8 pips) Tickeron AI shows that thee Rectangle Top pattern forms when the price of a pair is stuck in a range bound motion. Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the pair bounces up and down between support and resistance levels. Depending on who gives up first ­ buyers or sellers ­ the price can breakout in either direction. This pattern is commonly associated with directionless markets. Usually, the pattern performs better when there is a strong uptrend leading into the formation.
Long
by AlTorress
EURUSD LAloha,with the dollar (DXY) weakening, Euro could be a temporary long at least to the 50ema on the daily...we'll see what happens there: either a continuation long (a pattern will show us), or a rejection back to form a running channel for clearer direction. Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month. Another entry could be in the works with this ascending wedge continuation squeeze. 4HR: hovered on the 50ema after a bull run with the greater trend showing a higher low. 1HR: broke out of descending wedge/channel and squeezed up and over the 50 ema to just hover like the 4hr. 15M: bull flag. descending wedge, pullback, all very similar phrases can describe what is happening here but in my honest opinion, they all point to the similar long bias with a probability of it making a deeper pullback for a loss.
Long
by Reid_Hicks
2