After publishing a CADJPY Bear Bat pattern on H1 timeframe, I've found a couple of opportunities and idea on higher timeframe. There is a possible ABCD pattern that can be traded, half-way completed so far (if it'll not complete there is a Double Top to trade :) ). Once the ABCD pattern will be finished then we can look at a potential 2618 setup (on the Double...
On CADJPY H1 there's a bearish bat pattern. The risk/reward is about 1. I'm publishing a different trade idea on higher timeframe on this cross to go long. So stay tuned !
AUDJPY has created a Double Bottom after a series of New Strucutre High. I don't want to enter into this trade aggressively, so I'll wait for a retracement on the 61.8 of Fib level. As soon as the 2618 setup will show I'll see how the risk/reward will be and decide. Stay tuned !
Wow .. my patience hsb been rewarded. It's a gret time to enter this trade with a Risk/Reward > 2 SETUP -------------------- Entry @ 0.7160 Stop Loss @ 0.7118 Take Profit @ 0.7255
Today a massive Bat pattern has completed on GBPUSD and right now it's a great moment to enter the trade. RSI looks overbought. The risk/reward is 1.86 SETUP ----------- Entry short @ 1.5697 Take Profit @ 1.5461 Stop Loss @ 1.5824
After a Double Bottom a 2618 setup has just completed. It's an opportunity to go long. Pay attention at a Triangle breakout that could happen in both ways. Good luck !
As soon as the Cypher will fill in the take profit, there will be a 2618 setup with a possibility to go short ! Frankly speaking I don't like the risk/reward ratio of this trade, so I'll enter only if the risk/reward will be around 1.5 (waiting for a better entry price) See the previous Cypher setup here:
I'ts a great moment to open a trade if you're an advanced pattern trader. A cypher has just completed its formation. SETUP ----------- Entry long @ 1.1215 SL @ 1.1180 TP @ 1.1258
USDJPY is giving us a lot of signals to open trades: a double top followed by a retracement that created a 2618 setup. Therefore a bullish Cypher is about to complete within a deeper Gartley pattern ! Good trade on this cross !
The JPY has shown some weakness lately. There a good triangle formed by the prices and if a breakout occurs, we can consider to buy. Note that if we'll have a breakout a bearish Cypher pattern will be completed ;) Let's wait and see what happens !
A Bat pattern is completing on AUDCAD. Moreover the profit of the pattern is set around a previous structure. Looking left you can see that that a previous structure high has been violated with a new structure high but then the previous structure low has been broken by the formation of the CD leg of the BAT. The risk/reward is very...
The long-awaited Bat pattern on GBPUSD has been completed right now. We're talking about a very deep pattern. I'll be prudent to enter this trade and I'll wait until a Double Top will be formed. Let me explain you why: if you look left you'll find a structure that you need to consider when setting the stop loss for the BAT. But with this stop loss the Risk/Reward...
GBPUSD is completing the CD leg for a massive Gartley pattern. While waiting there is a structure trade that makes sense now. Three new structures high have been created and the cross is moving in a very harmonic way. I'd try to go short on the continuation of the trend with this setup: SETUP --------------------- Entry short @ 1.5606 Stop Loss @ 1.5638 Take...
After the long drop the USDJPY gives some bullish signals. A 2618 setup has completed and it's time to go long. SETUP ------------ Entry long @ 123.30 Stop loss @ 122.91 Take Profit 1 @ 123.74 Take Profit 2 @ 124.032
This is a massive opportunity to go long on AUDUSD. There are several signals that tell us to buy AUDUSD: 1. A Gartley pattern formation (waiting for the CD leg) 2. A Bat pattern formation (waiting for the CD leg) 3. A Double Bottom that has created a support 4. A Triangle that waits for a Breakout 5. A potential 2618 setup Read my related link to my previous...
EURUSD has completed a Double Top. The RSI is overbought but there's not a good divergence. Therefore an ABCD pattern is in the process. I don't want to be aggressive so I'll be prudent on this cross in this moment as there are a lot of rumors and news regarding EU. My idea is to wait a 2618 setup to go SHORT.
After a bearish rally, AUDUSD is giving some signals for a bullish correction. We have a Double Top followed by a Double Bottom. A New Structure Low @ 0.7591 has never been violated. A Bullish Cypher has almost completed (you can see it better on H1 timeframe). A Triangle has formed and as soon as we'll have a breakout, I'll buy. The reward is very good.
GBPCAD has completed a bearish Bat pattern and it's almost finishing a Double Top. This is a great time to short with a R/R ratio of 1.8. If you want to be prudent you can wait for the Dobule Top formation and short there ! SETUP (for the Bat) ---------------------------------- Entry short @ 1.9178 Stop Loss @ 1.9261 Take Profit @ 1.9052