Tradeyourplan
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.
AUDUSD 60 Bearish BAT PATTERN @ 0.7740Hi 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 @ 0.7740 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: 50 pips x 2 = 100 pips
Reward #1: 73 pips. R:R = 1:1.5
Reward #2: 120 pips. R:R = 1:2.4
Plan your trade... Trade your plan.
