StevenH

StevenH

Here on the GBPUSD im getting closer to my short orders being filled and the butterfly pattern completing. stops for me go just above the 1.414 ext and target is the .382 retrace of the A to D-leg. Butterfly rules: 1= Atleast a .786 retrace of the X to A- leg but cannot break X. 2= Atleast a .382 retrace of the A to B-leg and can go past .382 just cannot break...

StevenH

here on GBPCHF we have a 2.168 trade which is just a double top, break of the neckline and then a retracement from the double top to were price begins to rally of .618. Thats the sell zone for this strategy, so here we have all of that plus some other technical indications that make me think its a good trade for me. Like overbought RSI and the long candle wick on...

StevenH

Just an update on a chart i posted last week that explained that i was short EURUSD on the ABCD pattern and looking to reverse the position on the completion of the cypher pattern. Well the moment has ARRIVED!! Atleast i hope it has... lol im about 4 pips from hitting targets on my ABCD pattern which is going to be around 202 pips and reversing my position to long...

StevenH

EURCAD has one of my favorite trades right now. Ive got it cornered in both directions.! 1= the larger bullish cypher that will complete at the D leg if price continues to decline. 2= the smaller cypher that just clipped the .127 extension for the C leg of the pattern so if price action rallies a good bit here in the next few hours then that pattern will complete...

StevenH

Here on the 1hr chart we have a double top forming at a previous major structure level. We also have an overbought RSI and RSI divergence which in my experience normally sets up pretty accurate trading opportunities. The rules of my plan state that i can sell the double top before it breaks the neckline if the first test of the high is overbought on the RSI and if...

StevenH

Here we have a gartley completion lining up with a .618 retrace of the total move which should make for better odds of winning the trade. entry on the D-leg of the pattern with targets around the .382 retrace and stops above X-leg If you have any questions or constructive criticism about this strategy or any of the trades i have posted then feel free to leave...

StevenH

Here on EURUSD i have already sold the C-leg of this cypher because of the ABCD harmonic move and the .127 fib extension, also RSI was overbought when i went short. We could see a retest of the .127 next week which would be a good opportunity to get short with the target being the D-leg of the cypher pattern and then i will be reversing my position to get long on...

StevenH

Bullish cypher setup here on the 1hr chart if price action can come in some next week. Looks like a head and shoulders is setting up here. That would be a good reason to get aggressive and sell this C-leg of the pattern. Buying the D-leg tops below X-leg and targets just under the 90.5 even handle if i get filled.

StevenH

Missed the entry on this gartley pattern on the daily time frame, but plan to take a short position if price action makes it back up to the .127 extension on my D-leg of the pattern. But even it price doesnt make a move back up to the entry point i plan to find reasons to get short on the lower time frames considering this pattern has completed here on the daily...

StevenH

GBPUSD deep Gartley setting up here on the 1hr chart. It does have a long way to go but will be selling around 1.544 if it gets there for a move back down just above the 1.540 even handle at the .382 retrace. Entry on the D-leg and stops just above X-leg.

StevenH

Bearish Gartley pattern sell orders triggered here on the AUDUSD. Following the bearish trend on the higher time frames and close to being extremely overbought. Entry on the D-leg, Stops above X-leg and profit at the .382.

StevenH

1hr chart EURCAD 1 to 1 risk reward gartley pattern setup. entry on the D-leg with stops above X-leg and profit target at the .382 retrace.

StevenH

Here on the 1hr chart of USDJPY price action is getting close to a level that ive been watching for a couple of days now. I think this area represents a great opportunity to sell the market because of a few different technical indications. First, there is a minor support level that should now act as some kind of resistance if price action makes it up near 121.828...

StevenH

Here on the 1hr chart of the EURUSD we have a situation that i really like. We have a bearish and a bullish cypher pattern setting up. The reason i really like this situation is because no matter what the market decides to do i have an opportunity to trade my plan and possibly make a profit. With these patterns entry will be on the D- leg as shown on the chart and...