Hey all, Small and a bit messy, but an at market Cypher pattern on GBPUSD 4H. Managed to get entered slightly below the X completion (just a matter of ID after it had completed). However, without pressing below X this pattern is still valid. Looking for a press upwards to Target 1 & Target 2. Using a 113% stop loss, and good Risk Reward. Fibsii Team
Hey guys, Just been entered into an NZDUSD Bullish Bat! A little late with the publishing of this but only recently had time to check my charts. Entry according to my rules is at the 88.6% retracement, however of course follow your specific and tested rules. Aiming for both T1 and T2 with this, and a relatively small pattern for this timeframe so shouldn't pose...
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...
Hey traders, USDJPY 4H has just put in a nice Cypher pattern. I was actually involved in this last night when the 0.786 retracement of X-C was hit, however this morning it has pushed slightly lower and is still valid. As a result, you're getting a better Risk Reward on this pattern. Will be looking for the usual double target positions and rolling the stops from...
Hey guys, Here we have another potential Bullish Bat pattern forming on EURUSD 4H. Above a 1:1 Risk Reward on this pattern. We haven't quite broken below the B leg which would suggest a press lower to out D completion, however the overall bearish momentum in this pair would suggest a press down into out D point. Will be keeping an eye on this pattern and...
Hey Guys, Been a while waiting for our next trading opportunity but the important thing here is we don't try and force a trade. We currently have an at market Bat formation on EURJPY 4H, providing us with a 1.5 R:R to target 1. Will be looking for a press to the downside and the nice indecision candles around this area suggest selling pressure. As always, trade...
Hey guys, Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid...
Hey all, Woke up this morning and noticed a smaller Bat pattern forming on the 4H chart. Although we haven't broke and closed above the B point yet, we have pushed higher - will be waiting for the candle close. Still have my orders placed on this as we could spike up and get filled. Looking at a nice Risk Reward and a relatively small stop loss for the 4H chart....
Hey Guys, After getting stopped out of a short Bat pattern were back in another short, this time a Cypher. Been in this USDJPY 4H Cypher now for around a week, after almost getting stopped out, as well as almost hitting targets we are now edging around the break even point again. The nice deep B point gave us a good Risk Reward on this trade, especially for a...
Hey Guys, Still keeping a look out for the completion of a large Bat pattern on EURJPY 4H. We are a long way off completion, however would be a nice place to get long given the structure level @ X 112.07 . Haven't got any orders placed yet as my plan dictates orders are placed when we break the B point indicating the likelihood for a press lower. This...
Hey guys, Been looking at 2 potential trading opportunities setting up the past few weeks on NZDUSD 4H. The smaller Bat pattern with X @ 0.7200 has just broken the B point previous structure high, indicating we are likely to extend upwards - hopefully towards our entry at @ 0.7180 expecting a move down trading multiple target levels. Looking at the larger...