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Technicalscoring

How to use Advanced Patterns in Technical ScoringI just put out a video breaking down the GBPUSD. On the chart here we have a massive Potential Cypher Pattern. Now although I trade Cyphers, I cannot enter into any trade with more than 100 pips of risk per my trading plan. So instead I am going to use the Cypher pattern as part of my overall technical scoring system. Now along with the Cypher you also have a potential AB=CD pattern, Structure and Fibonacci confluence rounding out our potential reversal zone. If you would like to see how I did this, here is the link to the video: youtu.be Otherwise you can just keep an eye on this potential reversal zone and we'll see what happens. Either way, Good luck and Good Trading.
Short
by tommyb35
Massive Bearish Bat Pattern EURUSD!I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126. Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially complete. Not only does it offer an excellent Reward/Risk ratio, but it also lines up with a major structure zone outlined by the red box on the chart. If you scroll back and look, you will see that this level between 1.08000 and 1.0875 has been tested as support and resistance numerous times. So whether you are an advanced pattern trader or a technical scoring system trader, this is definitely a setup to keep your eyes on this week. Here is the link to the video: youtu.be Good luck and Good trading!
Short
by tommyb35