Thought id leave you guys or anyone who keeps up to date with my ideas. USDJPY bullish bat potential formation, still a way off yet but certainly possible and with good structure to back it up.
good luck !!
Potential set up, Nice structure around the sell zone and stops. As you can see if you look back it took a pretty serious move to the downside to break structure around the 147 mark. Perhaps then if that level is a good level of resistance now it will take a significant move to rebreak that price perhaps adding credibility to a bearish trade. RSI is neutral but...
Good morning ladies and gents, we have bullish bat signal. Again it appears a high probability pattern, it appears that should the pattern complete RSI will move to oversold and if the price were to move toward stops then it would need to move to almost the lowest level since mid 2017 to take the stops out. I would suggest that the pair has been ranging for...
As I have said before one of my favourite pairs to trade advanced patterns. Here is a potential Bat showing an over sold RSI and some excellent structure if you look back. Stops would, on my rules fall below this structure and as such gives the pattern maximum chance to bounce from the support. Should the price break that level then the recent bullish trend would...
Following on from the winning Gartley yesterday we can now see a bearish Cypher set up with some strong indicators adding credibility to the trade. In order to become a losing trade it must first break through some heavy resistance and RSI shows a paid that is already looking over bought. The bearish direction of this cypher set up would follow the longer term...
Gartley in play on GBP/USD, Stops fall below some good levels of support so that should provide some credibility to the pattern, RSI is moving toward being oversold and a cross over on EMA is expected shortly potentially indicating a bullish run. GBP data has come in today within expectations for the majority so there should be little market movement in that...
A bullish gartley is coming toward completion on the 15 min chart. This patterns completion falls towards some previous structure. If you zoom out and look at the hourly chart this pattern would act as trend continuation which could add some significant upside potential to the trade should it complete. It does however have significant structure to break looking...
Watching this closely to see if it plays out. Nice engulfing pattern. Rsi in middle of range, EMA has moved above candles so potential for a down trend to begin.
Good luck !!
Potential engulfing pattern within a price range, price has reached the low of the range with engulfing candle indicating a bullish run. potentially could see prices extend back toward the top of the range
good luck
Here is a pattern for you guys dependent on your plans: Targets taken from an C - D fib retracement, T1 at 0.382 T2 at 0.618. Stops taken a couple of pips below X or a fib extension of A-X at 1.113
Good luck
Occasionally this strategy throws up a scenario like this. Early on in the previous bearish trade a bullish candle engulfs the previous bearish candle. Although this ruins the original trade it does act as a hedge of sorts limiting the potential losses.
Bearish gartley heading towards completion. The pattern may never complete, as there is some solid support around 0.87 region. However if the pattern does complete it should RSI should move towards over sold and with a market in consolidation on the hourly chart like this pair it may prove to be a solid trade. If the pattern does complete and bears continue to win...
Bearish engulfing moving back from a level of resistance on gbpusd, again 1:1 risk reward. These larger engulfing candles generally have a higher risk of negative price movement. They can offer a larger pip gain however, see what happens. Plan the trade, trade the plan !
Bearish engulfing on the hourly's for eur/gbp. Tight stops and 1:1 risk reward but let the profits run. These are generally volume trades, trade each one you see and our testing has shown it works !
Bearish Gartley at completion, risk reward usually better for gartleys but win/loss slightly less so than our cypher testing. Completion at previous structure so potentially if it does pull back from there it may continue a bearish run and create a new short term lower low.
We will see
Good luck
