An Ugly Looking Bat Pattern On GBPUSDWe potential Bat Pattern on this currency pair and it's just a few pips away from triggering our orders so lets see what the market will do.
Advancedpatterns
Bearish Cypher Pattern on USDCADThere is a bearish cypher pattern that is close to completion on USDCAD. The pattern will complete @ 1.3168. Minimum stops need to be above X at 1.32121. Target 1 will be at a 38.2 retracement at 1.3107 and target 2 will be at a 61.8 retracement at 1.3069. As always, follow your trading plan and if you would like to join me in the live trading room today here is the link: www.youtube.com
Good luck and Good trading.
EURUSD BAT pattern formationhello traders
we got here on eurusd a possibility for a BAT pattern formation
waiting for a new structure high and then we enter the trade as per the showing target
GBP.AUD - BEARISH BAT SETUP - 1.6368On the GBP.AUD 1hr 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 1.6368 & 1.6398
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 1.6150
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.6274
Target 2 - 1.6215
EUR.JPY - Bullish Bat Setup - 119.554On the EUR.JPY 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 119.554 & 119.330
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 121.00
Stop loss would be placed below X leg structure support .
Target 1 - 120.219
Target 2 - 120.624
Bullish Bat Pattern on EURJPY!We have a potential Bullish Bat pattern Currently setting up right now on EURJPY. The pattern will potentially complete @ 119.55. Minimum stops need to be below X at 119.321 with Target 1 at 120.215 and Target 2 at 120.636. Right now at the time of publishing this, the pattern is less than 20 pips away from completing. So if you trade Bat Patterns on EURJPY, you'll want to get those orders in. As always, make sure you follow your plan.
I also just put out a video this morning of a live Day Trade on USDJPY where I used a Cypher pattern to enter into a trend continuation style trade. If you would like to see that, here is the link: youtu.be
Good luck and Good Trading.
EUR.GBP - BEARISH CYPHER SETUP - .8598On the EUR.GBP 1hr 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 .8598 & .8638
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 .8480
Stop loss would be placed above X leg structure resistance .
Target 1 - .8542
Target 2 - .8506
Cypher ready to complete on NZDJPYHey guys,
just want to inform you about what's on my radar this evening: this is a Cypher formation that's about to complete near to a daily structure level and a psychological number.
I think this could be a good idea to buy the market.
Stops below X, targets as usuale on pattern at .382 and .618 retracements of AD leg.
If you have any question, feel free to write below.
Otherwise, see you in the next chart!
Bullish Bat Pattern On GBPJPYSo Far this month I've only taken 2 trades and they've all been a loss and opportunities are hard to come by, especially for advanced pattern traders. However, we have a potential bat pattern setting up on this pair so let's see if the losing streak will continue or if the market can be kind to us.
GBP.CHF - BULLISH CYPHER SETUP - 1.2471On the GBP.CHF 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 1.2471 & 1.2435
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 1.2580
Stop loss would be placed below X leg structure support .
Target 1 - 1.2522
Target 2 - 1.2554
Potential Shorting opportunityMy fib levels show that we have a potential Gartley pattern and Bat pattern completing around the same price level @1.0024
This is an opportunity to go short.
Initial Targets and SL are illustrated
