USDCAD is currently sitting on Monthly resistance and i personaly expect bigger bounce to the downside because of very strong structure, BUT MN1, W1 and D1 doesnt look like it will reverse. We just got W1 123 and looks like it just started to moving to the upside. Anyway i draw both scenarios how to get involved in this trade conservative, but be carefull with...
HI ALL, WE MIGHT SEE A BAT PATTERN COMPLETION HERE. D LEG MUST COMPLETE AT A 0.886% STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618%
HEY ALL, WE MIGHT HAVE A BEARISH CYPHER PATTERN SETUP IF WE SEE A 0.786% OF THE D LEG COMPLETION. STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618 % GOOD LUCK :)
HI ALL, WE MIGHT SEE A POSSIBLE CYPHER PATTERN SETTING UP. D LEG NEEDS TO COMPLETE AT A 0.786% STOPS BELOW X TGT1 0.382% TGT2 0.618% GOOD TRADING :)
HERE ME MIGHT SEE A POSSIBLE BULLISH CYPHER PATTERN SETUP. WE ARE ALSO AT A STRUCTURE LEVEL WHICH WILL ACT AS SUPPORT FOR OUR TRADE DESICION. D LEG NEEDS TO COMPLETE AT A 0.786% STOPS BELOW THE x LEG TGT1 0.382 TGT2 0.6185
Hi ALL, Here we might have a possible bearish cypher patter setting up. We need to see a D leg completing at a 0.786%. Stops need to go above X TGT 1 a 0.382% TGT 2 a 0.618% Nice risk:reward !!!
WE HAVE A BEARISH BAT HEAR VERY CLOSE TO COMPLETION. THIS SMALLER BAT ADDS TO THE PREVIOUS EURNZD CHART I POSTED WITH A BIGGER BAT PATTERN ON THE HIGHER TIMFRAME THE D1 WE HAVE AN AB=CD COMPLETION AT STRUCTURE AND THE RSI IS EXTREMELY OVERBOUGHT, SO THIS SMALLE BAT THAT WE HAVE GOT HERE ADDS TO IT AND WE ALSO SEE THIS COMPLETION CLOSE TO WHAT SEEMS TO BE A...
THE D LEG IS ALMOST AT COMPLETION WHICH IS AT A 1.27%. THAT WILL GIVE US A NICE GARTLEY PATTERN THE RSI IS AT EXTREME OVERBOUGHT WHICH ADDS TO THE CTS SCORE
WE HAVE A COMPLETED CYPHER PATTERN HERE
NZDUSD might provide a short opportunity if bear cypher pattern completes. I say "might" because still long path for cypher completion. If it completes, it will do it at a interesting support level. Another positive point on this is that price action in H4 is bearish, so this cypher will be with trend Entry @ 0.7710 SL @ 0.7868 TP1 @ 0.7713 TP2 @...
IF WE SEE A D LEG COMPLETION AT A 0.78% THEN WE WILL HAVE A CYPHER PATTERN COMPLETION
IF WE SEE A D LEG COMPLETION AT A 0.786% THEN WE WILL HAVE A COMPLETED CYPHER PATTERN
IF WE SEE A 0.886% OF D LEG THEN WE WILL HAVE A COMPLETION OF A BULLISH BAT PATTERN RSI IS ALSO AT EXTREME OVERSOLD CONDITIONS
HERE WE HAVE A GARTLEY PATTERN SETTING UP TOGETHER WITH AN AB=CD WHICH MAKES IT A VALID GARTLEY PATTERN WE NEED TO SEE A D LEG COMPLETION AT 1.27% FOR THE PATTERN TO BE COMPLETE
Here we got a potential setup with the infamous Cypher pattern at a pretty good resistance level to go short, it still got a very long way to go, but China and Greek news can move this price action very quickly so be aware of some oversold RSI and then watch price action around out entry when we get that far. With the China news out and the hole Greece deal going...
IF WE SEE A D LEG COMPLETION AT A 0.78% THEN WE WILL HAVE A CYPHER PATTERN COMPLETION THE COMPLETION OF THE PATTERN ALSO LINES UP WITH SOME PREVIOUS SUPP AND RESISTANCE. GOOD LUCK!!
We have a great possible range trade, if the trade works we have a 6.39 R/R!