Just to be clear, the blue Cypher pattern isn't really a Cypher because it's invalid for the reason that A-B retracement is too shallow (not reaching 0.382 fib. But the red one is a clear and valid Gartley pattern if it will complete. And that is a good chance to go short. ROE presented on the chart. Good luck!
This is my Elliott Wave count on this pair. Let's see if it will unfold as expected. Nice possibility to gain some pips from the wave 3 move. ROE on the chart. Please have in mind to make your own analysis before jumping into any trade opportunity!
I am not recommending a trade, just want to see if price action will or will not respect EWP. I think that, based on previous nice EW moves, it will do well and we can await a good chance to catch the corrections. Price will likely bounce from the trendline resistance presented on chart.
This trade setup is based on the simultaneous completion of a potential bullish Cypher and a potential bullish Gartley pattern, a rare occasion but the more profitable because of the strong bullish momentum. ROE on the chart.
I just got filled in to this short trade, based on the completion of a Bat patterm. ROE on the chart.
Since I missed the Cypher entry, I have searched for re-enter this trade and I found this little Bat pattern which is to complete soon and it delivers the awaited entry point to the Cypher as well delivering a very nice R/R ratio. ROE presented on the chart.
Nice bullish potential Bat pattern is setting up. ROE on the chart.
This is a nice Bat pattern setting up. ROE on the chart
This is a nice bullish Cypher setting up. ROE on the chart.
There is a potential bearish Bat pattern setting up. ROE presented on the chart.
A potential Cypher pattern is forming with completion point indicated on the chart. Details of entry and trade management on the chart.
I am looking for the completion of this Gartley for some time. Now, it seems that hopefully it will eventually complete, especially because the completion level is at a definite structure level. ROE are shown on the chart. I will update it when near completion.
Nice Cypher is at completion, but, because the 0.786 level was multiple times retested and price action still vacilates, I think that the Bat pattern will be a better choice for entry. Sure, if you don't mind the extra risk, you can enter this short trade right away.
A nice Bat pattern is near completion point. ROE is presented on the chart.
There is a nice Cypher near completion point, after a steep rally, so I am looking for a retracement. ROE are shown on the chart.
As you can see, the AUDUSD pair formed a very nice triple advanced pattern at the top, because we can say it loud, this is a SHORT idea which now unfolds. A Bat on the H1 followed by a Cypher on the 15m and another Bat on the 5m... SHORT it, for God's sake. :)
I think that the Gartley pattern has matured now (especially in addition to that head and shoulders pattern..) and is ready to rally. Details of trade management in the chart above. Good luck!