Bullish Butterfly pattern finishing on 1H EURJPY. 1.27 extension on previous structure favors long entry with RSI on oversold. Previous structure support provides good target for TP1. Price action loosing steam approaching 1.27 AB Ext providing a nice PRZ.
After some consolidation the range broke to the upside on EURUSD 4H, it provides good opportunity to wait for the retest of support. Price broke through previous structure targeting next previous resistance.
An Alt Bat pattern JUST FINISHED ON 4H GBPCAD turning on previous structure lows. First target @ .382 retracement of A-D leg with secondary targets @ .618 retracement.The entry past .886 gives a better R/R Ratio. RSI is on oversold favoring a LONG entry.
A nice Bat finishing on the 1H of EURGBP, good entry opportunity @ candle signal reversal near X limit. RSI overbought favoring a short entry with ratgets @ .382 and .618 of AD range. Small SL, good TP ratios.
Bearish Cypher pattern finishing on 1H NZDUSD. Entry near the .6800 handle, so look out for stop hunters. Entry on .886 recommended for better TP ratios. First target for profit @ .382 of CD. RSI on overbought favoring short entry with slight divergence. Overall trend down, secondary target @ .618 retracement of CD leg. SL placed with some slack above X due to...
A nice potential Butterfly pattern forming on the 15M chart of AUDUSD, I´m on a short position on structure retest along the finish of the CD leg. The first potential PRZ @ the 1.27 extension of the XA leg and the second limit @ the 1.618 extension at previous structure lower low. Targets will be based on the RZ.
A Cypher pattern on GBPUSD completing the CD leg with RSI favoring a short position on oversold. First target @ .382 retracement of CD leg. The .786 retracement of the XA leg converging with previous structure.
An Alternate BAT just finishing on Daiy AUDNZD, SL set below X on the BB levels, first target to .382 retracement of CD leg, secondary target to .618 retracement. RSI nearing oversold levels favoring a long entry.
Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win...
There is a potential bullish cypher pattern that will complete at 1.43979 level. Now I will be looking to enter just above the 1.44000 even handle. This pattern presents a few different opportunities. For those that are strictly pattern traders, you can take your targets at the "T1 and T2" levels which are the .382 & .618 retracement of the C-D leg. But if you are...
I have only one question running in my mind now, Who's gonna be first Bull or Bear Gartley ?? Whatever gonna happen we know that patterns are one of better ways to enter trade, so I am ready to tackle whichever side USDCAD moves. If its in your trade plan, use this idea fix your stops n Targets n Be prepared for Entry ! Happy Trading !
If the market continues upwards towards the D completion of the butterfly pattern (blue) we could sell the USD/JPY towards the 0.618 retracement of the C-D move. If the maket continues downwards and invalidates the butterfly pattern by surpassing point C, we could buy the cypher pattern (red).
The GBPUSD market seems to be setting 3 different potential harmonic patterns within the same area. 1) In blue we have a Cypher Pattern 2) In yellow we see a Bat Pattern 3) In red we see a Gartley Pattern In a perfect world, we´d be able to sell the Gartley all the way to the buying point of the Cypher for example. We can only dream :D. I will update this post...
Analysing market moves with harmonic ratios and harmonic moves, along with structure. If the market retraces back to this 0.618 I'm going to go long. Stops are set below the previous structure low. Target is set at the previous high, 1.414 level extension and 1.618 inversion, hoping for a re-test of the previous high.
Today we got two potential patterns forming in GBPUSD one after the other. Bearish Bat which is about to complete soon and Bearish Gartley which is big will take some more time to complete. Its all about what are your rules about handling these situations, Whether to trade both patterns in GBPUSD as it completes or choose one. What does your trade plan say ? I...
There is only 2 people that I follow when it comes to trading and the forex market in particular. One of the things that they preach and that I try to apply to my trading on a daily basis is, staying ahead of the market. Right now on Eur/Usd there is a great example of this. Now this could all blow up in a matter of hours, but nonetheless I am prepared if it does...
Got a bearish bat pattern close to completing on the gbp/usd on the 1hr timeframe. All of you that trade advanced patterns here is a potential setup for you.
There is a bullish Cypher pattern setting up on gbp/usd. Completion will be at the 1.41220 level and stops need to be below X - Leg. This is by far my favorite pattern to trade, and if you trade them, make sure you get your orders ready.