Happy Friday Traders.
Not the greatest week for me this week and its a busy one on the economic calaendar but I thought I would share with you Cypher pattern traders this bearish pattern should it meet your rules of engagement.
Good luck and I'll see you in the live room.
After a good week last week, I'm hoping to continue this week.
First play on the list is this bullish Cypher formation at market. Price action has pushed down for a better entry. I got in this morning at 1.2219.
Stops below the X leg which isn't a bad area for protective stops.
Also a decent risk:reward trade now.
Good luck in the markets this week guys!
Mindful of where we are on the daily time frame, I'm looking for a reset of the recent high here on this pair.
I posted a video on my Youtube channel last night showing the walkthrough of a similar trade we took on this pair yesterday during my day trading session in the London Live Room.
Now there could be another chance to get involved here.
The Kill zone is ...
As this market creeps back into that area we were looking for a Trend Continuation trade, we can see a potential BAT formation forming so I thought I would share this with you guys who trade advanced patterns like this.
You may use conventional Targets or you may look to use this as your entry into the longer term move.
Either way, good luck in the markets today ...
After seeing the bearish movement on this pair over night, we have now broken the B leg of this formation which means we could quite easily see a completion down at 142.53.
Good risk reward, and looking at around 108 pips best case to target 1.
We will see if we can get involved in this in this mornings live room. link in bio
See you there.
Following yesterdays 2 target winning trade on the bearish Gartley which started the year off nicely, other than the AUDCAD trend continuation trade im watching, this is one set up that is nearing completion so I thought I would share with you guys.
Completion at the 786 retracement @ 0.6930
Conventional targets at 0.6914 and 0.6905
Good luck in the markets, ...
HAPPY NEW YEAR TRADERS!
First trade of 2017 and its a Bear Gartley which completed during the night here in the UK. Got a second chance entry this morning whilst doing my pre market analysis so I thought I would share it with you.
You are now getting a better entry than the conventional completion at market right now.
Good luck in the markets this week and I'll ...
Looking at a quick one in one out for this trade as I end my trading year today.
Last day in the markets. Last live room for 2016.
Thought I would share this for those of you who trade the Cypher formation as you are getting a better entry now.
Good luck guys!
For those of you who trade advanced pattern formations on the lower time frames, there is a potential Cypher setting up at 122.75 on this pair.
Quite a bit of consolidation this morning so could be a busy Day trading session in the Live room!
Good luck Traders!
More of a discretionary idea here as we noticed in the live room this time last year we made quite a bit of money from this pair as we saw the break to the down side following the market coil in December 2015.
We re tested the lows before making new highs.
As you can see this year, the market is moving in almost the same identical pattern.
Break out traders ...
I know I usually post Forex ideas but we went through this market in the live room this morning so I thought I would share some of the analysis with guys.
We have test a major level of structure in this market at 1180 but if you are looking for a retest of the lows, then there are a few opportunities here.
A basic trend continuation trade looking for market to ...
If you are looking for an entry reason into a trend continuation trade here on the EURJPY then there are a couple at market.
You may have missed the aggressive BAT entry but if you trade the Fib Inversion strategy, market is right on that level now.
I'm predicting a move to test 120.81 on this pair but will be splitting my position in 2 taking some profit off at ...
As you can see from the chart, we have this Fib Inversion at market this morning looking for a push down to target 1 at the 618 Retracement.
We are at previous structure support so if i were a trend following trader, I would be mindful of that when considering shooting for any type of extended targets.
There is also a bullish cypher down at 0.7331
Good Luck in ...