Mustafoinc

Mustafoinc

Bearish: 2 Bear Gartleys Double Top patterns Bullish: Flag Head and Shoulders

Mustafoinc

Trade is with trend. Risk to Reward for 1st Target = 1:1

Mustafoinc

Trend is mostly sideways or down. So this trade is against Trend. Support lines for where price may stop or break thru with huge candle (lines in blue). Possible RSI divergence, especially good if formed at the completion of D leg. Risk vs Reward for 1st Target = 1:0.7 2nd Target = 1:1.24

Mustafoinc

Trade is in direction of trend. Risk to Reward for 1st Target = 1:1.55 2nd Target = 1:3.15

Mustafoinc

Risk to Reward is bad but the Trade is in the direction of the Trend and RSI has divergence.

Mustafoinc

2 Bearish Cypher patterns completing at around same level on 4 hour chart. Trade is in Direction of Trend. Strong Resistance on Daily chart, marked by the Orange Horizontal Line. Might not have a chance to get into either Cypher trades but watch the open. Trade is in direction of Pair Trend, which is down.

Mustafoinc

Against current trend.

Mustafoinc

Trade is with trend. Risk to Reward to 1st Target = 1:1.54 Risk to Reward to 2nd Target (61.8 Fib) = 1:2.6 Stop = 67 pips

Mustafoinc

Two Bullish Gartley patterns: 1h 4h Negatives: Risk to Reward for 1st Trade: 1:0.44 Risk to Reward for 1st Trade: 1:0.9

Mustafoinc

Can someone explain or tell me why the Fibonacci Retracement at 78.6% is 200 points lower than the 78.6% retracement for the Cypher pattern. I am new to this Harmonic trading patterns so a comment or two would be very appreciated. Thank you and with that being said I see the market finding support at this level and rallying over the next few days.

Mustafoinc

Trend trade 1 st target = 1:1.62 risk to reward

Mustafoinc

Risk to Reward is only 1:1.03 for first target.

Mustafoinc

Positives: Strong support (recent) under X leg. Negatives: Going against trend! Risk to Reward is only 1:1.09

Mustafoinc

Please see chart above for Stops (stop 10 pips below X leg) and Targets (Target 2 is a few pips below 61.8% Fibonacci Retracement). Positives: Trade is in direction of trend RSI Divergence Any feedback is welcomed!

Mustafoinc

This is my first post, I hope I did this right! Sorry any for any mistakes and feel free to comment. Trade is in direction of current bullish trend. Cypher pattern to complete at point D, with stop loss 10 pips under point X and 1st target just below 38% fibonacci retracement (for a 1:1 risk/reward ratio) and 2nd target (not shown) just below 61.8% fib, for a...