Cypher Pattern , Usd/Chf, 15minHere we see a cypher pattern on the Us Swiss charts.
This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line.
When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to a price action trade, come near the negative deviation line.
I have forecast the market to touch the negative deviation line , which comes out to about 4 hours from now, but it is more likely to take longer and not actually reach the deviation line, but rather just cross the linear regression taking 2 days and 7 hours.
With that said, i have placed my usual actions as the following:
Entry: point B
Limit : 1.618 extension of the BC leg
Stop: point X
Thanks for checking this out, look forward to you comments and likes, as always follow for my predictions!
Thanks and Good Trading!
Success
Butterfly Pattern , Eur/Jpy, 30 minhere we see a Butterfly pattern forming on the Euro against the Yen.
If the pattern makes it above 136.025, the pattern will be complete, in which case i have places my entry at point B , my limit at the 1.618 extension of the BC leg , and my stop at the Red D point, because at that point , we are at roughly a 2:1 risk reward ratio, also because I am going to walk away, and if the market crosses 136.025, but doesnt make it the the Black point D, I don't want my stop further out then that structure.
I have used the linear regression line as support for my Hypothesis, the chart will show you a linear regression of the last 200 moves,(or the last 100 on the hourly). The idea here is that the harmonic is also in sync with the price action style trade, giving me a better chance at correctly identifying the next move.
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Thanks again, Good Trading
Cyhper Pattern, CAD/JPY, 30minHere we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression.
I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing.
I have placed my entry at current market price, my stop is at the highest high of the pattern and my limit is at the 1.618 extension of the BC leg.
Check back in to see the results, as always thanks for checking this out, please like comment and follow if you agree.
Thanks and good trading!
#USDJPY Short Idea (Butterfly, Harmonics, 200sma)#USDJPY Short Idea (Butterfly, Harmonics, 200sma)
@TradeYodha
TradeYodha.com
Further my analysis which resulted in very good profits:
Analysis:
1. On higher time frame it is ultimately forming Head and shoulders pattern
2. 10 sma has gone past 200 sma and 50 sma showing high downward momentum
3. Price is not stretched away from 10 sma indicating the transition coming back to it will be slower
4. 200 sma in the zone
5. zone has 38.2 retracement level of current leg
6. If the price retraces from the zone, it may form a butterfly patter for very good targets
Trade Execution:
1. Have 3 orders
2. First order will be a limit order with approx 1:1 R/R ratio
3. Second order and the third order will be put in if we get a confirmation in the zone
4. Second order have target of 127.2 extension
5. Third order will have target at the completion of butterfly pattern at 161.8 level.
News/Fundamentals:
27 April: 1:45pm USD Flash Services PMI
27 April: 11:50pm JPY Retail Sales y/y
28 April: 2:00pm USD CB Consumer Confidence
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#USDJPY Short Idea (Structure, Fibonacci, Head and Shoulders)#USDJPY Short Idea (Structure, Fibonacci)
@TradeYodha
TradeYodha.com
1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming?
2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma
3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced patterns
4. The price is close to 70 RSI at the moment so there are chances for it to go over bought by the time it reaches the zone.
News/Fundamentals Expected:
21 April: 11:50pm JPY Trade Balance
23 April: 12:30pm USD Unemployment Claims
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#NZDUSD Multiple Opportunities 4H/1H (Gartley, Structure)#NZDUSD Multiple Opportunities (Gartley, Structure)
@TradeYodha (TradeYodha.com)
1. 4H can form a Gartley Pattern but point B is a good support area so we can have a bounce from there too. It has 200sma in it.
This gives us 2 opportinities for Long. First at point B and second at D
2. Point B can be seen in 1H chart as lower zone. We can target 1:1 R/R
3. 1H is in downtrend and on 1H chart 50 sma is lagging behind which can attract the price to it creating a short opportunity. Take 1:1 R/R with extended targets into lower zone where we will take our long opportunity
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#GBPCAD 4h Short (Fib, structure retest)@TradeYodha
TradeYodha.com
GBPCAD 4h Short Opportunity
1. Structure retest
2. FIB 38.2 level confluence with 161.8 fib extension
3. 50 sma in the region
Beware of the round price level 1.91000 close. Price can retest that and fall
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your battle well in advance and win.