paulsandhu

paulsandhu Updated 

Good morning Traders, Essentially the same trade I posted yesterday evening (see link below), but in the bearish direction and along with the trend for additional support. There's some inside structure as well. Stops, entries and initial targets indicated on chart. Thanks, ---P.S.

paulsandhu Updated 

Good evening Traders, The market is presenting us with a nearly completed alternative bullish cypher (C completion is taken from the 1.13 extension of XA). I personally prefer this variant of the cypher as I find it gives me a better R/R and slightly higher strike rate. The pattern completion is in confluence with minor inside structure, however, it is against...

paulsandhu Updated 

Good morning traders, A potential bullish cypher is forming on the 4h chart of cable this morning. Although the cypher is forming against the prevailing trend this pattern formation is in confluence with a minor level of inside structure. Entry and stops indicated on chart with initial target projections. --- P.S.

paulsandhu Updated 

Happy Friday Traders! The market is presenting to us a potential bearish bat pattern on the hourly time frame. The pattern completion is offering entries at a level or recent inside structure and is aligned with the prevailing trend on the higher time frame. There is also some additional confluence with longer term MA's. Entry, stops and initial target...

paulsandhu Updated 

Hello Traders, The market has presented us with a completed bearish Cypher. There is additional confluence with this particular pattern as it has completed at a recent level of structure, is in line with the underlying trends, and has reciprocal ab=cd at initial entries. Thanks, ---P.S.

paulsandhu

Hello Traders, There are two potential bat patterns unfolding on GBPJPY. One in the long direction and the other in the short. My personal bias is to take the bearish bat pattern as the underlying trend exhibits bearish momentum. However, I would still take the long trade as well. Thanks, ---P.S.

paulsandhu Updated 

Good Morning Traders, The market is presenting to us a potential bearish setup in the form of a cypher pattern in confluence with some minor structural resistance as indicated by the purple boxed region. Stops, entries, and targets are indicated on the chart. --- P.S.

paulsandhu Updated 

Stops and targets indicated on chart

paulsandhu Updated 

Hey Traders, It's been a while! I hope you're all doing well. There's a nice trend continuation setup on GJ. Price has reversed and is now testing structure and is poised for a nice reversal. Stops and targets outlined on chart. I personally don't live trade this time frame, however, wanted to share the idea for those who do and for myself as a forward test. --- PS

paulsandhu

Daily cypher pattern in bullish formation. This setup has a decent R/R at this level.

paulsandhu

Golden mean confluence at the D - entry point. Rough targets identified on chart. Stop loss? I recommend you enter w/ bearish confirmation and place stops above the latest swing high or in/around structure

paulsandhu

Sell short on bearish confirmation

paulsandhu

Nice confluences building at this level with a bullish pennant and a Gartley on the lower timeframe. Keep an eye out for a potential break to the upside, however be cognizant that there is an argument that momentum is weakening and there is a chance that the MA's may crossover to the downside.

paulsandhu Updated 

target projections indicated on chart

paulsandhu

Sell UJ on confirmation of reversal. Nice confluences in this boxed sell region and fair resistance. Good luck

paulsandhu

Double bottom w/ divergence at structure level which has held for a few 4h bars. Great r/r ratio at this level and price is hovering above a key psychological #.

paulsandhu

Bullish bat pattern presenting itself on the XAU. Downward pressure on gold from the positive jobs numbers is strengthening the USD and negating gold's latest rally, however this could be a buying zone on the hourly. I personally don't trade the 1hr time frame, but it is a nice setup nonetheless.

paulsandhu

Not engaging in this trade, however, the green boxed region represents where buying can take place if you are interested. If I were to take this trade I would personally wait for the bat pattern to complete over the cypher because a) it has a better R/R and b) there is an ab=cd completion in confluence w/ the bat