PetriKleynhans

PetriKleynhans

Hey there traders, It's still early, but there's a cypher setting up on GBPJPY. I think it's good to identify them early, then we can put everything in place if the market runs into our target zone. All the best!

PetriKleynhans

Hey traders. There are 3 patterns I've identified in NZDUSD. We've got a Bearish Gartley completing at 0.67113. We've got a Bearish Cypher completing at 0.66966. We also have a Bullish Gartley completing at 0.65555. If I can pose a question regarding the two bearish pattern. If the pair heads north towards the two patterns, what rules should I follow to...

PetriKleynhans

It looks like a Bearish Gartley is forming on the EURGBP. Just completed a smaller Gartley, so it looks like EURGBP is respecting structure for the time being. Long term, we also see the pattern is bracketed between support and resistance, so point D would have nice confluence with Resistance.

PetriKleynhans

It looks like we have a Bullish Butterfly developing on the NZDUSD. Target levels set at 382 and 618 retracement levels. Stop loss set at previous support. I've got one question though - did I use the pattern correctly? Thanks for any input, and happy trading. Petri

PetriKleynhans

Possible 2618 pattern setting up. Looking for entry between 618 and 768 retracement of CD leg. Target one based on previous resistance. Target two set at 1.272 extension.

PetriKleynhans

Hello everyone, this is my first chart, so please give input. Reasons for trade: EURJPY in downward trend. Previous support comes in at C (128.011). It's still a long way off, but it does provide a nice opportunity to set up a short trade if the Cypher pans out. Cheers! Petri