Hey all, Just been entered Long in a GBPUSD Cypher on the 4H. Wasn't expecting to get entered into this but had my limit orders ready. Market has gapped down to entry. Make sure to follow your rules on if the market can or cannot gap and still be valid - for me and my backtesting, this hasn't mattered. Hoping for the usual targets, so will be paying attention to...
Hey everyone, Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week. Will be hoping for the volatility to pick up...
Hey all, Here we have another unique position setting up on EURJPY. We have a Bullish Bat pattern and a Bearish Cypher pattern both forming. Some of you may have the question: "well if one says up and another says down, which one do we take?" The answer is whichever completes first! If one completes and that triggers the other, we take both. If none complete,...
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, Heres another Bat pattern formation on NZDUSD 1H chart. Actually still valid to enter if you missed this, as we haven't broken below the X point yet, so better Risk Reward if you enter now. Hoping for 2 targets on this bat pattern and in line with underlying market trend. Fibsii Team. On a side note, Happy New Year everyone!
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, Here is a nice Trend Continuation Trade on GBPJPY. Made a deep retracement right back into the previous structure level which is holding. Great opportunity to enter a low risk short position with the overall bearish trend. Target would be a retest of previous lows and could use an advanced target to shoot for a 127.2 extension
Hey all, Been watching this Potential Bat pattern for a while now. Recently we have had a break of structure to the upside indicated by the break of the first green box, and we are now retracing back down into it. I would now be expecting the market to again make a NSH into the bat completion zone, before rolling over for some profits. If we get up there that is...
Hey all, Nice 4H winning Bat pattern. Didn't get chance to make a post about this but rolled over without pain to both target one and target two giving us +98 with .382 and .618 fib targets! Fibsii Team
Potential Cypher pattern EURCHF 4H close to completion. Pay attention for .786 retracement being hit to make it a completed pattern. Looking for 2 targets both with underlying 4H market direction (bullish)
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 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...
Hey guys, Currently waiting to get filled on a bearish USDJPY Bar pattern on the 4 hour chart. This is a counter trend pattern so please be sure to follow your specific rules. The C to D leg did spike up towards the X completion before retracting, but didn't break below the C leg so it is still valid for me. 113% inversion stop loss and looking for 2 targets. Hey...