usdjpy 1:1 or 1:2100% TECHNICAL ANALYSIS.(TRENDLINE,CANDLESTICK,SUPPORT AND RESISTANT,SUPPLY AND DEMAND)
LONG.
RISK 5%.REWARD 5-10%.
Tradewhatyousee
GBPUSD Short gartley, we are in a downtrendGBPAUD is in a downtrend, and is forming a bearish gartley pattern. The D completion is just around the round numer - 1.70000.
1.272 fib ex. alligns with the round number, which is also good, if you're looking for a short.
Stops above X.
Targets are:
1st. .618 retracement of C-D
2st. If we are to reach 1st target, I will move stops to breakeven, and take off half my position. Now I try to see how long this short can go.
Happy trading
GOLD Bullish BAT PATTERN @ 1245Hi 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 @ 1245 in which i would have a buy limit in place 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: 17 points x 2 = 34 points
Reward #1: 22.4 points. R:R = 1:1.3
Reward #2: 36 points. R:R = 1:2.1
Plan your trade... Trade your plan.
AUDCAD 4H Bearish GARTLEY PATTERN @ 0.9522Hi 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 @ 0.9522 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: 47 pips x 2 = 94 pips
Reward #1: 62 pips. R:R = 1:1.3
Reward #2: 100 pips. R:R = 1:2
Plan your trade... Trade your plan.
EURCAD 60 Bullish GARTLEY PATTERN @ 1.4588Hi 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 bullish GARTLEY pattern @ 1.4588 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: 27 pips x 2 = 54 pips
Reward #1: 30 pips. R:R = 1:1.1
Reward #2: 48 pips. R:R = 1:1.8
Plan your trade... Trade your plan.
AUDCAD W Bullish BAT PATTERN @ 0.9270Hi guys,
Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully.
Stops will as per usual go below the X leg and targets will be at the 31.8% and 61.8% retracements.
THANK YOU FOR YOUR SUPPORT!
Trade Numbers:
Risk: 270 pips x 2 = 540 pips
Reward #1: 350 pips. R:R = 1:1.3
Reward #2: 550 pips. R:R = 1:2.1
Plan your trade... Trade your plan.
GBPJPY 15 Bearish CYPHER PATTERN @ 157.64Hi Guys,
This is a bearish CYPHER pattern @ 157.64 and stop loss will be placed above the X leg which we use as good resistance in this case. TARGETS ON THIS TRADE WILL BE DIFFERENT TO USUAL AS I VIEW THIS AS A DOWN-TRENDING PAIR, THEREFORE TARGETS WILL BE AT SUPPORT/RESISTANCE 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: 57 x 2 = 114 pips
Reward #1: 57 pips. R:R = 1:1
Reward #2: 115 pips. R:R = 1:2
Plan your trade... Trade your plan.
EURTRY D Bearish GARTLEY PATTERN @ 3.4470Hi Guys,
This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for harmonic confluence.
The stop loss will be placed tightly above above the X leg as this pair has been in an uptrend forever 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: 1000 pips x 2 = 2000 pips
Reward #1: 1700 pips. R:R = 1:1.70
Reward #2: 2750 pips. R:R = 1:2.75
Plan your trade... Trade your plan.
NZDJPY 60 Bullish GARTLEY PATTERN @ 72.76Hi 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 bullish GARTLEY pattern @ 72.76 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: 32 pips x 2 = 64 pips
Reward #1: 41 pips. R:R = 1:1.3
Reward #2: 67 pips. R:R = 1:2.1
Plan your trade... Trade your plan.
GBPAUD 30 Bullish GARTLEY PATTERN @ 1.9550Hi 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 bullish GARTLEY pattern @ 1.9550 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: 50 pips x 2 = 100 pips
Reward #1: 70 pips. R:R = 1:1.4
Reward #2: 115 pips. R:R = 1:2.3
Plan your trade... Trade your plan.
AUDCAD 15 Bearish BAT PATTERN @ 0.9600Hi 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 @ 0.9600 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: 40 pips x 2 = 80 pips
Reward #1: 52 pips. R:R = 1:1.3
Reward #2: 84 pips. R:R = 1:2.1
Plan your trade... Trade your plan.
USDJPY 60 Bearish BAT PATTERN @ 108.35Hi 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 @ 108.35 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: 85 pips x 2 = 170 pips
Reward #1: 107 pips. R:R = 1:1.25
Reward #2: 175 pips. R:R = 1:2.05
Plan your trade... Trade your plan.
EURNZD 4H Bearish GARTLEY PATTERN @ MARKETHi 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 @ 1.6695 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: 210 pips x 2 = 420 pips
Reward #1: 230 pips. R:R = 1:1.1
Reward #2: 370 pips. R:R = 1:1.8
Plan your trade... Trade your plan.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
