Depending on the last structure of the USD/JPY, it seems like a great opportunity to enter the market and sell the cypher pattern at the 78,6 completion and stop needs to go above X and profit target either at the previous resistance level or way back down to the C.
Good luck fellas.
Happy trading.
HEY GUYS, IT HAS BEEN A WHILE SINCE I TRADED SOME NICE ADVANCED PATTERN ON USD/JPY, AND LUCKILY I HAVE FOUND ONE COUPLE OF DAYS AGO ON A 4H TIMEFRAME THAT COULD COMPLETE ANY DAY SOON.
THIS SET UP COULD BE TRADED WITH A MULTIPLE TP, BUT IF YOU ARE A IN AND OUT TRADER I BELIEVE THERE IS QUITE GOOD RISK REWARD RATION TO CONSIDER THIS TRADE IF THE PATTERN GETS...
THERE IS A PRETTY NICE BUYING OPPORTUNITY ON NZD/USD AFTER DOUBLE BOTTOM THE PRICE SEEMS TO RESPECT PREVIOUS RESISTANCE THAT IS NOW BECOMING SUPPORT.
YOU CAN EVEN SHOOT FOR A MULTIPLE TARGETS UP TO THE PREVIOUS STRUCTURE HIGHS.
GOOD LUCK EVERYBODY!
I BELIEVE THIS IS A BEAUTIFUL OPPORTUNITY TO GO LONG AT THE COMPLETION OF CYPHER AROUND 101.840 FOR A PROFIT TARGET UP TO THE 38.2 RETRACEMENT .
THIS SET UP HAS ONLY 1.0 RRR BUT AS IT IS A CYPHER, THERE IS A HIGH CHANCE THAT THIS COULD HIT OUR TP IF THE PATTERN WILL COMPLETE AND WILL BE VALID.
HAPPY TRADING :)))
AGAIN THE SAME AS USD/JPY WE HAVE BEAUTIFUL AB=CD PLUS CYPHER, I PERSONALLY RATHER TRADE CYPHER AND ADVANCED PATTERNS SO I AM GOING TO WAIT FOR THIS ONE TO BE COMPLETED.
STRONG SUPPORT/RESISTANCE LEVEL AROUND 104.170 ON USD/JPY COULD POTENTIALLY SET UP THE SAME SCENARIO LIKE 2 MONTHS AGO. IF THE RESISTANCE WILL BE VIOLATED AND BECOMES A SUPPORT LATER ON BY BOUNCING BACK TO THE UPSIDE i WILL BE LOOKING TO BUY ON THAT SUPPORT LEVEL AND SHOOT FOR THE PREVIOUS HIGHS.
GUYS THIS IS JUST AN IDEA WHAT THE MARKET COULD DO, CLEAR PRICE...
I WILL WAIT FOR THE MARKET TO SHOW ME WHICH DIRECTION IT WANTS TO GO AND THEN DECIDE IF i ENTER THE TRADE OR NOT BUT THIS IS THE SCENARIO I WOULD LOVE TO SEE.
BTW. WE COULD POTENTIALLY SEE THE LAST LEG TO RETRACE BELOW THE 61.8 WHICH IS MOST LIKELY BUT IN THAT CASE THE SCENARIO IS STILL VALID JUST THE ENTRY POINT WILL CHANGE. PICTURES WILL FOLLOW IF SO.
HAPPY...
WE BROKE THE STRUCTURE TO THE DOWNSIDE, MARKET HAS REACHED AN OVERSOLD CONDITIONS AND LOOKS LIKE IT IS GOING TO RETRACE BEFORE CONTINUING TO GO LOWER.
I AM GOING TO WAIT FOR THE PRICE TO GO ABOVE THE 38.2 RETRACEMENT UP TO THE 50% RETRACEMENT WHERE WE CAN SEE A GREAT STRUCTURE RESISTANCE IN THE AREAS OF 0.72900 TO 0.73000.
IT IS JUST AN IDEA OF WHAT THE MARKET...
NZD/USD LOOKS LIKE SETTING WONDERFUL 2618 TRADE TO GO SHORT ON THE 61.8 RETRACEMENT OF THE LAST LEG AFTER CREATING A DOUBLE TOP.
WAIT FOR THE PRICE TO CLIMB TO 1.13100 OR SET A SELL LIMIT AROUND THIS AREA TO GO SHORT LOOKING FOR A 1.272 EXTENSION TO BE YOUR TP.
GOOD LUCK EVERYBODY.
NZD/USD HAS REACHED QUITE A STRONG RESISTANCE AND HAS SET UP A C POINT OF A CYPHER PATTERN, IF THE PRICE GOES DOWN TO 0.70400 OR BELOW WE HAVE A HUGE COMPLETION OF THE CYPHER AND GREAT OPPORTUNITY TO GO LONG FOR A MASSIVE TARGET.
THIS WILL THOUGH TAKE SOME PATIENCE AS THE MARKET COULD TAKE SEVERAL DAYS TO GET TO OUR D POINT, BUT WATCH IT CLOSELY GUYS!
HAPPY TRADING!
NZD/USD IS SETTING UP NICELY TWO PATTERNS. WATCH THE MARKET FOR POTTENTIONAL BUYING OR SELLING OPPORTUNITIES IF THE PRICE WILL CLIMB TO 0.72920 THEN THE BEARISH GARTLEY WILL BE COMPLETED. IF THE PRICE GOES DOWN TO 0.72200 THEN BULLISH GARTLEY WILL BE COMPLETED AND THEREFORE BUYING OPPORTUNITY OCCURS.
WATCH IT CLOSELY.
JUST MY OPINION, NOT A FINANCIAL...
