Bat pattern on USDCADHi guys,
this is an advanced pattern formation called Bat, its completion point comes around 1,3430s. Stops above X, targets at the 382 and 618 retracement of AD leg.
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
Advancedpatterns
Bat on USDCADHi guys,
this is an advanced pattern formation called Bat, its completion point comes around 1,3430s. Stops above X, targets at the 382 and 618 retracement of AD leg.
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
Short Gartley with Trend DirectionHi traders, We have a potential Gartley pattern forming on the USDJPY. It is in the bigger trend direction, thus you can aim for bigger profit targets if it completes without invalidating. My stop losses are placed above X with ATR based amount.
I would appreciate your opinion and comments. thank you
Sam
AUDUSD 2618 / Bearish Bat We have had a 2618 happen which was my initial reason for entry. this also tied with a possible completion of a abcd pattern at previous highs which gives us the 1.618 fib extension at a monthly key level.
When I was looking at the Daily time frame we have had our impulse leg down, 50% fib and also a strong 618 retracement from the recent push upwards. All of this again gives further confluence with the 886 level right at the previous daily highs and Key level
EUR.AUD - Short Opportunity @ 1.4268On the EUR.AUD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4268 & 1.4310
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.4000
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4158
Target 2 - 1.4089
Bat pattern ready to complete!Hi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade.
Stops above X, targets as usuale for patterns.
If you have questions, or simply share your view, you're welcome in the comment section below.
Otherwise, see you in the next chart!
Bat Pattern on GBPCADHi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade.
Stops above X, targets as usuale for patterns.
If you have questions, or simply share your view, you're welcome in the comment section below.
Otherwise, see you in the next chart!
Harmonic Confluence on EURUSDHi guys,
another chance to get involved this morning comes from EURUSD. Here you can see i've drawn two different harmonic patterns (one Butterfly, one Gartley) which are going to complete at the exact same level.
Two is better than one!
Stops below X, targets at 382 and 618 retracement of AD leg.
If you want to ask questions or share your idea, please comment beneath.
Otherwise, see you in the next chart!
Two Harmonics on EURUSDHi guys,
another chance to get involved this morning comes from EURUSD. Here you can see i've drawn two different harmonic patterns (one Butterfly, one Gartley) which are going to complete at the exact same level.
Two is better than one!
Stops below X, targets at 382 and 618 retracement of AD leg.
If you want to ask questions or share your idea, please comment beneath.
Otherwise, see you in the next chart!
USD.CHF - Short Opportunity @ 1.0096On the USD.CHF 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.0096 & 1.0107
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.0020
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0061
Target 2 - 1.0041
Bears Support with Bat and CypherI bearish one GBPCHF and this idea support with complete bat pattern and potential cypher pattern.
if you see bearish engulfing or double top you can sure that it is completely true.
I point my SL and TP 1 and TP 2 exactly. you can use them precisely.
Enjoy your trading...
GBP.NZD - Long Opportunity At 1.7739On the GBP.NZD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.7739 & 1.7646
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.8000
Stop loss would be placed below X leg structure support.
Target 1 - 1.7868
Target 2 - 1.7950
EUR.AUD - Long Opportunity At MarketOn the EUR.AUD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3999 & 1.3940
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4180
Stop loss would be placed below X leg structure support.
Target 1 - 1.4082
Target 2 - 1.4133
Short EURUSD (Bearish Bat)Just got short EURUSD on this bearish Bat pattern.
Minimum stops need to be above X at 1.0689 with target 1 at a 38.2 fibonacci retracement and target 2 at a 61.8 fibonacci retracement.
If you would like to follow all of my live trades, you can sign up for free on my website: www.bctradingsystems.com
Good luck and Good trading.