NZD.USD - Bullish Bat Setup - .6982On the NZD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .6982 & .6968
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 A to D move.
There is also an opportunity to look for extended targets at .7070
Stop loss would be placed below X leg structure support.
Target 1 - .7023
Target 2 - .7049
Advancedpatterns
GBP.JPY - x2 Short Opportunities On the GBP.JPY 4hr chart we have 2 potential trade opportunity's at the D leg completion of bearish Bat & Cypher setup.
Bearish Cypher Setup ( Blue ) - D leg completion 141.114
Target 1 - 139.820
Target 2 - 139.027
Bearish Bat Setup ( White ) - D leg completion 140.281
Target 1 - 139.302
Target 2 - 138.695
Same Pattern, Two OpportunitiesYou have two potential cypher patterns setting up on the GBPUSD. This is a great example of why I love the cypher pattern. You tend to see them more often in trending markets, then the bat or gartley patterns.
The smaller cypher in blue will potentially complete at 1.2455. Minimum stops need to be below X at 1.2420 with traditional target 1 at 1.2502 and target 2 at 1.2531.
The bigger cypher in purple will potentially complete at 1.2386. Minimum stops need to be below X at 1.2335 with traditional targets 1 at 1.2459 and 2 at 1.2502.
You can also use these as alternate entries for trend continuation. I put out a video yesterday showing how to do this. youtu.be
Good luck and Good trading
AUD.JPY -x2 Long Opportunities On the AUD.JPY Daily chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat & Bullish Cypher setup.
Bullish Cypher Setup ( Blue ) - D leg completion 84.684
Target 1 - 86.020
Target 2 - 86.830
Bullish Bat Setup ( White ) - D leg completion 84.245
Target 1 - 85.750
Target 2 - 86.663
EUR.USD - BEARISH BAT SETUP - 1.1193On the EUR.USD Daily 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 1.1193 & 1.1300
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 1.0500
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0865
Target 2 - 1.0662
Two harmonic patterns on the way to complete!Hi guys,
here we are on EURNZD and on the 4hr chart we're going through a period of consolidation. As you may know, in this kind of scenarios, harmonic patterns appear very often. On the chart above there's a Gartley and a Bat completing at the same level. If you're a pattern trader you should take this.
Stops above X, targets as usual for patterns.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
AUDUSD Bearish Cypher Re-EntryI have been hedging this pair against the USDJPY for the past two weeks and have had a ton of success. I was stopped out of the AUDUSD for a small loss (massive win on USDJPY when it tanked) but was able to get back in on this MASSIVE pattern with a ridiculously awesome R/R. Nevertheless we are near the original completion point for this pattern, and due the the high success rate of these patterns I would look for a way to get in (as long as it fits your trading plan!) cause I think we could head past the .382 if the USD can gain some strength!
Stops are currently set at .7660 for 74 pips of profit (always protect your money!)
EUR.NZD - Long & Short OpportunitiesOn the EUR.NZD 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Cypher & Bearish Bat setup.
Bullish Cypher Setup ( Blue ) - D leg completion 1.5244
Target 1 - 1.5297
Target 2 - 1.5328
Bearish Bat Setup ( White ) - D leg completion 1.5412
Target 1 - 1.5334
Target 2 - 1.5286
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Short Term Gartley on USDCAD (TCT trade)Hi guys,
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation trade.
Stops below X, target1 at 618 retracement, target2 to be determined (around 1,3420s).
Let's see how it plays out.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Short Term Trade (TCT trade)Hi guys,
this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher.
That's why you see those targets, this is actually an advanced pattern entry for a trend continuation trade.
Stops below X, target1 at 618 retracement, target2 to be determined (around 1,3420s).
Let's see how it plays out.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!