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Hi Traders, Here is a bearish bat pattern setup on USDJPY with D pattern completion at 103.950. Read below if you are unsure how to identify a bat pattern. 1) Look for an impulse leg, which will mark the beginning of the pattern. I like the analogy of seeing the impulse leg as a "Sore Thumb" high or low point, something that immediately sticks out on the chart....

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Hi Traders, There is a bullish cypher pattern forming with D completion at 1.29900. This is a swing trading setup and timeframe. I expect the trade (if does complete) to last for 3 - 10 days. If you are not comfortable holding trades long or over the weekend, I would suggest that you focus on developing a trading strategy on a shorter timeframe e.g. M5, M15,...

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Hi Traders, Here is a 2618 opportunity setup on GBPAUD. This is a countertrend trading opportunity. The process I use to identify such an opportunity goes as follows: 1) Look for a clear double top or bottom, as marked with purple circles on chart 2) Wait for a CLOSE below the lowest/highest price point in between the first and second top/bottom 3) Draw with...

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Hi Traders, Hope you have had a good week of trading so far. Here is a bearish bat pattern setup on USDJPY, H1 timeframe. Entry: 100.800 Stop loss: 101.050 1st Target: 100.500 2nd Target: 100.300 Remember to leave a like if you found this idea useful. It's always appreciated. Luke

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Hi Traders, Kiwi has formed a double top reversal pattern at previous resistance. I am looking for a "2618" opportunity to go short as indicated on the chart. Price is very close to the entry level at the 61.8% retracement of the move from the second top to the lowest point below the neckline. Entry: 0.72740 Stop: 0.73320 Target 1: 0.72060 Target 2:...

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Hi Traders, Doing my pre-week analysis and found this nice looking setup. There is a Bullish Cypher and a Bullish Gartley completing at the same level at 1.29850. Keep in mind that the safest place for a stop on this setup is underneath the post-Brexit spike low on the far left of the chart. Depending on your risk threshold, this may or may not be a valid trading...

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Hi Traders, There is a bearish Gartley and a bearish Cypher pattern set up on AUDUSD H1 timeframe. See chart for D completion points (marked by horizontal line). Targets for these trades are at the 38.2% and 61.8% retracement of the AD leg. Stop are best placed above the X leg, or impulse leg. If you found this idea useful, leave me a like or comment, it's...

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Hi Traders, Hope you have been having a better trading week than I have. Here's a bearish bat pattern setup on EURJPY, with D point completion at 114.520. Entry: 114.110 Stop: 114.920 Target 1: 113.700 Target 2: 113.180 Have a great weekend all! And remember to leave me a like if you find this idea useful. Luke

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Hi Traders, There are two advanced patterns nearing completion on EURJPY. There is a bearish Cypher Pattern completing the D leg at 113.540, and a bullish Gartley Pattern completing the D leg at 112.630. If we move below 112.780 before moving up to reach the Cypher pattern completion it will be invalid. It will be interesting to see how this plays out during...

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Hi Traders, There is a bearish bat formation completing at 0.72030. Current market price is still fairly far from our entry, and if price falls below the point marked 'A', this pattern and trading opportunity will be invalid. Entry: 0.72030 Stop: 0.72320 Target 1: 0.71620 Target 2: 0.71330 As with all Bat pattern setups, this trade has an excellent risk to...

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Bearish bat pattern setup forming here on Kiwi with D completion at 0.72430. Entry: 0.72430 Stop: 0.72660 Target 1: 0.72050 Target 2: 0.71810 Have a great weekend all. If you found this trade idea useful, leave a like, it's always appreciated. Luke

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Just spotted this bat pattern formation on the H4 timeframe with D completion around 40 pips below current market price at 1.71400. Entry: 1.71410 Stop: 1.70250 Target 1: 1.73780 Target 2: 1.75320 Please be aware that the minimum safe distance for a stop loss on this trade is over 100 pips. Be aware of the risk impact on your account if this trade is a loser....

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Hi Traders, I hope you guys are having another good week trading. USOIL has completed a bear cypher pattern at $41.31, just above current market price. Entry: $41.30 Stop: $42.04 Target 1: $40.59 Target 2: $40.07 I only just spotted this and am not yet involved. Looking to sell as per the above details. Luke

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Hi Trader, Bearish Cypher, D completion at 1.32710 Entry: 1.32710 Stop: 1.33120 Target 1: 1.32300 Target 2: 1.32040

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Bearish Cypher close to completion at market post RBA Interest rate statement. Trade details on chart. Good trading

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Hey Trader, Hope you're having a positive trading week so far. We have both Bullish and Bearish Cypher patterns on GBPAUD. Trade details: Bearish Cypher (on chart in red) Entry: 1.76900 Stop: 1.78020 Target 1: 1.75700 Target 2: 1.74930 Bullish Cypher (on chart in purple) Entry: 1.74330 Stop: 1.73520 Target 1: 1.75220 Target 2: 1.75810 Good trading, Luke

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We have a bullish bat with D leg completion at 1.29070. Entry: 1.29080 Stop: 1.28640 Target 1: 1.29900 Target 2: 1.30460 If like advanced patterns and are thinking about incorporating them into your trading check out tradeempowered.com and Tom Hall 's page here on trading view. That is where I learned. Good trading, Luke

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Here we have a nice example of a Gartley pattern. D leg completion comes in at 1.11450. (78.6% of XA leg) Entry: 1.11450 Stop: 1.12020 Target 1: 1.10940 Target 2: 1.10580 Thanks for checking out my idea. If you found it useful leave me a like, it's always appreciated. Luke