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Hey guys, thanks for checking out my idea, hope it helps.
Why do I think Trend continuation?
Let's start with the first Double Bottom (DB), it retraces at the 618 and shoots up to a new structure high, I believe that this pair is on a retracement after hitting the strong structure resistance from 2011 and also as ...
Looking at this pair, like many pairs, we have seen some directional breakouts this week and last.
Price action is forming this rising channel and when we see this type of movement with RSI divergence, more often than not we see a period of relief.
Although I'm only looking for the trend continuation, many of you counter trend traders may be eyeing up this zone...
Hey all,
Here is a potential Bat Pattern setup on USDJPY 4H chart. It's currently at a decision point that I play close attention to. We are currently at the B structure zone and the market is putting up some resistance. I like to pay attention to this zone as if we do indeed break and close above this level there is a much higher chance of the trade...
Hey all,
Here is a bullish Bat pattern at market. I have labelled the legs that stand out to me and also drawn in the C-D Fibonacci retracement to show where targets are taken. Trading 2 positions and aiming for 2 different target levels.
Stop loss above X at a 113% Fibonacci retracement of X-A. With underlying trend so could aim for a third target at a retest...
Hey guys,
Been in this AUDUSD Bat pattern on the 4H now for a day or so following a pain-free Cypher win right before it (in green). Had some strong selling pressure here we can see from the indecisive candles, which is actually right at the 88.6% retracement (our entry point).
This is still a valid pattern as our X leg hasn't had a close above, so there's an...
Hey all,
Here we have a 4H Bat pattern in yellow which I've been watching for a few weeks. However, when we go down to the 1H chart there is an at market Bullish Bat which would bring us up to the 4H completion zone. Gives us an opportunity to run for a third target with a great Risk Reward (4.7!)
Fibsii Team
Hey all,
Been watching this USDJPY potential Bat pattern formation now for a week or so. Recently broke 3 levels of structure (green lines) to the downside indicating we will be pressing down to a Bat pattern completion! Probably looking for this to happen early next week but we shall see.
Good Risk Reward on this too if it happens - looking for target 1 and...
Hey all,
Here is a unique position on EURJPY 4H. We have both a Bullish Cypher forming in addition to a Bearish Bat pattern. I would personally be expecting the Cypher to complete before the bat, especially given the overall bearish market momentum. Regarding which pattern to take - take the one that fits with your rules and what your plan allows. For me I will...
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 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...
