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EUR.USD - Bullish Bat Setup + TP & SLOn the EUR.USD Monthly chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .9077 & .8218
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.4500
Stop loss would be placed below X leg structure support .
Target 1 - 1.1737
Target 2 - 1.3374
AUD/USD - Bullish Bat + ResistanceToday, we are looking at a bullish bat pattern on the 4H chart with the AUD/USD.
After the interest rate increase from the FOMC, price has reached C point.
With price getting close to the strong resistance zone, we can expect a reversal back down towards D point.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
EUR.USD - BEARISH BAT SETUP - 1.0623On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.0623 & 1.0630
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.0580
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0600
Target 2 - 1.0587
GBP.JPY - Bullish Bat Setup - 138.247On the GBP.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 138.247 & 136.459
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 144.00
Stop loss would be placed below X leg structure support .
Target 1 - 140.759
Target 2 - 142.293
GBP.JPY - BULLISH CYPHER SETUP - 138.870On the GBP.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 138.870 & 138.445
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 140.200
Stop loss would be placed below X leg structure support.
Target 1 - 139.476
Target 2 - 139.847
ETC harmonic patternI'm still new to drawing those kind of patterns, so correct me if I'm wrong, thanks in advance :)
But yeah that could be a scenario.
GBP.CHF - Bearish Cypher Setup @ MarketOn the GBP.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.2375 & 1.2405
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.2280
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.2335
Target 2 - 1.2310
USD.CHF - x2 Bullish Pattern SetupsOn the USD.CHF 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat & Bullish Cypher setup.
Bullish Cypher Setup ( Grey ) - D leg completion 1.0043
Target 1 - 1.0092
Target 2 - 1.0122
Bullish Bat Setup ( Blue ) - D leg completion 1.0082
Target 1 - 1.0116
Target 2 - 1.0137
EUR.JPY - BEARISH CYPHER SETUP - 122.238On the EUR.JPY 4hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 122.238 & 123.322
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 123.00
Stop loss would be placed above X leg structure resistance .
Target 1 - 120.693
Target 2 - 119.768
GBP.USD - Bullish Bat Setup - 1.2062On the GBP.USD Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.2062 & 1.1986
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.2550
Stop loss would be placed below X leg structure support.
Target 1 - 1.2310
Target 2 - 1.2455
GBP.JPY - Bullish Bat Setup @ MarketOn the GBP.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 139.081 & 138.844
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 140.40
Stop loss would be placed below X leg structure support .
Target 1 - 139.720
Target 2 - 140.114
EUR.CHF - BULLISH CYPHER SETUP - 1.0656On the EUR.CHF 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0656 & 1.0632
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.0730
Stop loss would be placed below X leg structure support.
Target 1 - 1.0690
Target 2 - 1.0712
EUR.CAD - Bearish Cypher Setup @ MarketOn the EUR.CAD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.4220 & 1.4308
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3850
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4051
Target 2 - 1.3948
GBP.JPY - BEARISH BAT SETUP - 141.362On the GBP.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 141.362 & 142.040
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 139.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 140.391
Target 2 - 139.798
GBP.AUD - x2 Bearish Cypher Setups - 1.6583 & 1.6378On the GBP.AUD 4hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher setups.
Bearish Cypher Setup ( Blue ) - D leg completion 1.6583
Target 1 - 1.6357
Target 2 - 1.6216
Bearish Cypher Setup ( White ) - D leg completion 1.6378
Target 1 - 1.6231
Target 2 - 1.6140
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance.
