Advancedpatterns
GBP/JPY 4H Bearish Bat FormationHere, on GBP/JPY I just got filled on Bearish bat pattern.
I will be using conventional targets for this opportunity - 38.2% and 61.8% Fib retracement of A-D.
There is nice structure level which can be used to put protective stops above.
Have a profitable trading week, traders!
BEARISH BAT PATTERN 240PA RECENTLY BROKE AND CLOSED BELOW THE LAST STRUCTURE LOW AND IS FORMING A COMPLEX PULLBACK, AND COMPLEX PULLBACKS HAVE BEEN KNOWN TO CREATE POTENTIAL ADVANCED PATTERN FORMATIONS. LOOKING FOR PA TO TEST THE 88.6 RETRACEMENT AND REVERSE. AND POTENTIALLY RETEST STRUCTURE LOW. PLAN YOUR TRADE, TRADE YOUR PLAN. GOOD LUCK TRADERS.
Harmonics on AUDJPYHi guys,
plain and simple: this is an harmonic pattern (specifically a Gartley Pattern) that's been setting up on AUDJPY. Its B point is very deep, therefore its D completion point will come at a very low level, giving us an amazing RR ratio for this kind of patterns. As usual, stops below X, targets at 382 and 618 of AD. Trade safe!
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!
Gartley Pattern on AUDJPYHi guys,
plain and simple: this is an harmonic pattern (specifically a Gartley Pattern) that's been setting up on AUDJPY. Its B point is very deep, therefore its D completion point will come at a very low level, giving us an amazing RR ratio for this kind of patterns. As usual, stops below X, targets at 382 and 618 of AD. Trade safe!
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!
Bearish Bat Pattern On EURJPYThere is a potential bearish bat pattern setting up on EURJPY. The pattern will potentially complete at 130.06 with minimum stops above X at 130.390. Standard targets for this pattern are at a 38.2 Fibonacci retracement and a 61.8 Fibonacci Retracement.
As always, follow your plan.
Good luck and good trading
Two Patterns On AUDCADThere are two potential advanced patterns setting up on AUDCAD. The first is a bullish Cypher pattern (Red) that will potentially complete at .99778. Now if you use an inverted 113 for your stop loss, you will have just under a 1:1 Risk/Reward to target 1. Minimum stops need to be below .99620 with target 1 at a 38.2 retracement (.9998) and Target 2 at the 61.8 retracement (1.00130).
Now the second potential pattern is a bullish bat pattern (Blue) that will complete at .99705. Minimum stops need to be below the X-Leg at .99620. Target 1 (Dark Green) will be a 38.2 retracement at .99950 and Target 2 (Dark Green) will be a 61.8 retracement at 1.00105.
As always, Follow your plan.
Good luck and good trading.
LONG ON GBPUSD FOR A LOT OF REASONS EXPLAINED!Hello traders i hope you are having a great trading week.
Let's see a long trade on GBPUSD with a very high propability of success and a good P/L ratio.
TECHNICAL OBSERVATIONS
1.First of all we have an ascending very well repsected trend line.
2.We have also a good support level due to previous price structure levels.
3.We also have a very good support level as we see with the Ichimoku strategy.
4.We have a long bias as we are above the Ichimoku green cloud.
5.200EMA is below price acting as a support and favoring long trades.
6.Stochastics are at oversold levels ready for a rally.
7.We have a completion of an advanced bullish pattern with targets at the horizontal red lines.
8.Be careful tommorrow of the anouncements concerning GBP and USD.
POSSIBLE LONG TRADE
ENTRY PRICE AT 1,28850
STOP LOSS AT 1,28100
FIRST TARGET T1 AT 1,130130
SECOND TARGET T2 AT 1,31140
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Gartley Pattern at market!Hey guys,
this is a simple Gartley formation already completed on 1hr timeframe. Its D completion point lies on a daily structure level and that boost my confidence on the trade because i know this is an area of value also in higher timeframes. Being so, i'm taking a short with stops above highs and targets as displayed above.
If you want to ask questions, feel free to comment below.
Otherwise, see you in the next chart!