Bat pattern (or 2618) at structure level on EURCADHi guys,
i want to share an interesting opportunity that i spotted on EURCAD. In this par on the 4 chart price is consolidating right at a previous daily support level. As such, i seek for trading opportunities down on the hourly chart. Here we can see two different opportunities, both long.
The first is a Bat pattern, the second is a 2618 trade.
Both the entry reasons are valid. but with different risk to reward ratios.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
Advanced
Bat ready to complete on CADJPYHey guys,
i want to bring you an advanced pattern i've noticed this evening. In this pair we are approaching a structure level that may hold and push the market higher. The bat's completion is right in the box i've outlined on the daily chart. That's why i think this may be a good idea.
Entry: 86,26
Stop: 85, 62s
Target1: 87,17s
Target2: 87,74s
Feel free to share your standpoint about this pair.
See you in the next chart!
Butterfly formation at 121 even number supportHey, mates. Here's the butterfly that was already triggered with my broker. Watch the full analysis sample video in the signature section. It explains everything. Visit my website and hit "learn the patterns" tab to get access to free educational content. Good luck.
AUDUSD Bat patternHey, Traders. Here on the AUDUSD we have a valid bat pattern setup according to my specific rules for this pattern. To go deeper into the analysis behind this trade, if we zoom out to a daily chart, then we can see that this market is also in a down trend and back up against previous support that could now become resistance and here on the hourly chart we have also created a double top and broke through the neckline, confirming that this could possibly be a reversal on this time frame.
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Deep Gartley on NZDUSDHey guys,
after being stopped out on the USDCAD trade we're back on track. This NZDJPY trade is similar to the previous. I want to pass down to you the philosophy of being on the majority side.
The more clues (that matters in the market) you have, the more likelihood the trade will have.
As explained above, here we have a deep Gartley formation that is already completed. As long as price won't touch the first hypotetical target though we will wait for another pullback into the entry level.
Being so deep, it makes the risk to reward ratio very appealing.
In addition to the advanced pattern formation we have different clues that make me predict an upward move.
Let's see how it goes.
If you have any question, please ask beneath.
Otherwise, see you in the next chart!
Another Gartley formation on NZDUSDHey traders,
this seems a dejavu but it's all real: we have another Gartley on NZDUSD. Furthermore, the bearish movement that broke and closed below the most recent low (XA) is signaling a bearish bias. Maybe NZDUSD is ready to continue the daily downward move after this retracement.
Anyway, when price comes so close to my entry (2 pips) i usually cancel my trade if price touches the hypotetical target1. So in this case, if price hit the 0,6930 level before the entry, i'm canceling the trade.
Stops above X, targets down at .382 and .618 of AD leg.
If you have any question or remarks, please fill the comment section below.
Otherwise, see you in the next chart!
Bearish Gartley at key structure levelHey guys,
after earning some pips from my audusd trade, i now am focused on NZDUSD that could give a nice opportunity during the night, or tomorrow. From a bigger perspective, in the daily chart price is in downtrend, being the break of structure to the downside, and is now retesting the former support that has been broken.
When price approaches these "hot" zones i start looking for reversal pattern on lower timeframe. In this case in the hourly chart we have a nice Gartley pattern completing at 0,6964 (as indicated above).
If and when price will reach that level, i'm going to short the market.
If you have any question, please let me know.
Otherwise, see you in the next chart
Bat Pattern completing right now on USDJPYHey traders,
here on USDJPY we touched an important daily level at 116.000 and now price is losing some strength. In 15m chart we clearly are in a downtrend and price action is retracing giving us the opportunity to sell the market at a better level.
We can enter the market using the Bat pattern above, or we can wait for price to enter the orange zone and then search for entry reasons like engulfing kicker and double tops. It's up to you and your personal trading style.
Stop in patterns should stay above X, target down at 38.2 and 61.8% retracement of the AD leg.
You can also shoot for extended targets.
If you have any question, don't be shy and comment below.
Otherwise, see you in the next chart!
A cypher pattern at resistance level with video explanationsHey mates, I am looking for this cypher to complete. The whole process of analysis is explained in this video. Have a look, it is less than 10 minutes. And it shows how my approach can be applied for lower timeframes as well. youtu.be
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//|This pattern was found with Pattern Search Software (c)
//|Contact me if you wish to get your copy of it
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Best regards, Alexander Nikitin
A professional trader & a programmer.
Eurjpy bullish bat at major resistance + video explanationsHey, mates. The whole process of analysis is explained in this video. It is less than 10 minutes: youtu.be
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//|This pattern was found with Pattern Search Software (c)
//| Contact me in Private Messages if you wish to get your copy of it
//|+-------------------------------------------------------------------------------------------------------------+
Best regards, Alexander Nikitin
A professional trader & a programmer
Bull Gartley, nice RR + video explanations.Hey, mates. Gartley pattern is almost completed. Watch the 2 minutes video explaining the whole analysis here: youtu.be
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//|This pattern was found with PatternSearch software
//|Contact me if you wish to get your copy of it.
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Best regards, Alexander Nikitin.
A full-time trader& programmer.
Usdjpy Gartley formation completed + video explanationsHey, traders. I already entered this gartley. Watch the full analysis process here youtu.be
It will take you less than 10 minutes. And, as a bonus, there's another potential advanced pattern formation detected in the video. Hope you will enjoy it.
//|+------------------------------------------------------------------+
//|This pattern was found with PatternSearch Software
//|Contact me in PM if you wish to get your copy
//|+------------------------------------------------------------------+
Best regards, Alexander Nikitin.
A professional trader, a programmer and a trading coach.
Gartley advanced pattern formation + video explanationHey, mates. We have a completed gartley. Watch the video explanations here: youtu.be
It will take you about 5 minutes. Hope you enjoy it. There's also a cypher pattern setting up on this pair. You will have in the video.
//|+-------------------------------------------------------------------------------------------------------------------+
//| This pattern was found with Pattern Search Software.
//| Watch this sample video: youtu.be
//| Contact me in PM if you wish to get your copy
//|+-------------------------------------------------------------------------------------------------------------------+
Best Regards. Alexander Nikitin.
A professional trader, a programmer and a trading coach.