PalmTreeTrading

PalmTreeTrading Updated 

Yet another bearish Cypher setup on the EUR/CAD 30 min timeframe. Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg. This area makes the entry zon area, stoploss should be well above X. for Profit targets look at the 38,2% retracement from C to D leg for profit target 1 Profit target 2 shouldd be set at the...

PalmTreeTrading

From this point on this Bat pattern is still a long shot but if it completes it has a great Risk/Reward. Waiting for the price to touch the 88,6% retracement from the X to A leg ( 1.5974 ) When Bat pattern completes put a stoploss at least 20 pips above X, profit targets can be found in the chart. Profit target 1 at 38,2% retracement from A to D leg. Profit...

PalmTreeTrading Updated 

Waiting for the price to run into the 88.6% retracement from the X to A leg to complete this Bat pattern. After completion place stops wel above X preferably a little above the previous high. This may not be the best risk-reward but these patterns have a good succes rate.

PalmTreeTrading

First we look at the AB-CD pattern wich completes right around the structure indicated by the red line. A little bit higher we find the 1.272 fib extension from the A to B leg. Note that we also have a bearish divergence on the RSI. If price touches the 1.272 fib extension, look for the price to drop down to 78.6% retracement from the X to C leg to complete this...

PalmTreeTrading

Bearish Cypher pattern setup, make sure you place your stoploss order at least 20 pips above X

PalmTreeTrading

Possible Bearish Cypher pattern on the EUR/JPY 30min timeframe. Waiting for price action to come back into the 78.60% retracement and here i wil be looking to sell. Stoploss should be at least 20 pips above X, Around 128.95.