Hey all,
Here we have a potential Bullish Bat Pattern forming on USDJPY. the C-D leg is in a small period of consolidation, however hoping for a press lower to complete the pattern (a break of structure where the green line is). If we get this the pattern is more likely to complete.
Will be looking for 2 targets which gives us a strong Risk Reward. Given the...
Hey all,
Potential Bat pattern forming on USDJPY at the moment. Following the recent drawdown on this pair I would be expecting within the next few trades to start picking up. Unsure if this will complete as we are in an overall bull trend, however will be paying attention over the week to see what will happen. Key point to look out for is the breaking of the A...
Hey all,
Been watching this potential Cypher pattern for a few weeks now on the 4H chart. The C-D leg cannot decide if it wants to head towards the completion point or not. Until the C leg is broken however this is still a valid Cypher. Given the recent shift in trend I would be expecting a move up the upside, however following your rules always comes out on...
Hey guys,
Following the recent T1 and T2 Cypher pattern win on AUDUSD, another Bullish Cypher is forming. Unsure if the X leg will complete however it is on the radar for this week. If the X completion is hit I would be expecting a move up to T1 and T2.
Nice stop placement on this one below previous structure lows of both patterns, and a good Risk Reward given...
Hey all,
With the recent shift in momentum on AUDUSD, the C-D leg on a bullish Cypher has almost completed. I have my limit orders set incase this pattern completes overnight. Looking for a 2 target TP, given the inverse R:R. Remember however, Cypher patterns have a high expectancy even though they sometimes have an inverse Risk Reward.
Will be paying attention...
We have just been entered long in a Bullish GBPUSD 4H Cypher pattern formation. Not a bad Risk Reward for a Cypher too. The potential problem with this one is the size, were looking at over a 150 pip stop loss.
Have recently put in a nice pair of candlestick formations at our X completion, suggesting there is at least buying pressure. This pattern is also nice as...
