Bat Pattern, Cad/Jpy, 30 minHere we see a bat pattern forming in the Cad/ Jpy charts, it is likely that the pattern will complete, because it seems too close to the linear regression line to try to recross without some lower moves. once the pattern completes the market will likely reverse upon completion and rally back across the regression line reaching the 1.618 extension of BC. (this may take as long as 9 hours)
Our actions are as so:
Limit: 100.089
Entry: 99.939
Stop:99.869
Please follow along to see how this trade goes, for updates and more trades , follow me here on TradingView and don't forget to like and comment your opinions.
Thanks for checking this out ! as always Good Trading !
2:1
Butterfly Pattern, Eur/Gbp, 15minHere we see a butterfly pattern on the Euro, Pound charts.
Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line.
I have placed my targets like any other harmonic you will see me trade.
My entry is at point b , my stop at point X and my limit at the 1.618 extension of the BC leg.
This pattern appears to have 9 hours to complete as labeled by my forecast line.
Thanks for checking us out, as always like comment and follow.
Thank you and good trading !
Cyhper Pattern, CAD/JPY, 30minHere we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression.
I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing.
I have placed my entry at current market price, my stop is at the highest high of the pattern and my limit is at the 1.618 extension of the BC leg.
Check back in to see the results, as always thanks for checking this out, please like comment and follow if you agree.
Thanks and good trading!