USDJPY - Profit taking not reveral?HI guys,
A few days ago I posted an XABCD which, once we took out the stops, rocketed yesterday.
Looking at this chart, I see current profit taking hence that's why we've stalled.
Overall I see 118.000 as the big target with maybe a 3 drives to get us up there.
I'll closely be watching price action and the over-so important Daily Candle closes throughout the trade.
If anyone would like to see my analysis on their chosen pair, please just comment below and I'll break the chart down for you.
Advancedpatterns
Two Gartley Patterns setting upHey guys,
i want to wish you a nice weekend by offering you these two harmonic patterns (one is almost complete) on GBPJPY.
Stops below X, targets at 382 and 618 retracement of AD leg.
Good trading!
If you want to ask questions, feel free to write them below.
Otherwise, see you in the next chart!
Gartley's about to complete on EURNZDHi guys,
today i want to share one of my usual setup when trading. It's an harmonic pattern and it is called Gartley. It will complete at the round number (1,4601) within the structure daily zone (blue box). Therefore i'm going to buy this market if and when price will hit my entry point, with stops below X and targets as usual for patterns.
If you want to ask questions, feel free to type them in below.
Otherwise, see you in the next chart!
Potential Bullish Cypher Ready to Complete on USDCADAs i was getting ready for my live trading room i found this potential bullish cypher that is ready to complete on usdcad. Min. stops need to be below X with target 1 at the 38.2 retracement and target 2 at the 61.8.
If you would like to join me for my live stream, here is the link: www.youtube.com
Good luck and Good trading
EUR.CAD - BEARISH CYPHER SETUP - 1.3890On the EUR.CAD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.3890 & 1.3914
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 at around 1.3820
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857
Target 2 - 1.3836
EUR.NZD - BULLISH CYPHER SETUP - 1.4695On the EUR.NZD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4695 & 1.4657
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 1.4800
Stop loss would be placed below X leg structure support.
Target 1 - 1.4748
Target 2 - 1.4781
USD.CAD - Bearish Bat & Cypher Setup - 1.3169 & 1.3338On the USD.CAD 4hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.
Bearish Bat Setup ( Grey ) - D leg completion 1.3338
Target 1 - 1.3197
Target 2 - 1.3109
Bearish Cypher Setup ( Grey ) - D leg completion 1.3169
Target 1 - 1.3107
Target 2 - 1.3069
Bearish Bat Setup: Stop loss would be placed above X leg structure resistance.
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance.
Bat pattern near to D completion point Hey guys,
there's not so much on my radar today. Nonetheless i've found a nice advanced pattern formation that is near to the completion point. It is a Bat pattern and its D point comes near to the daily structure level i've outlined with the black line.
Always have the bigger picture in mind.
Stops below X, targets at .382 and .618 retracement of AD leg.
If you want to share your standpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!