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Advancedpatterns

USDCAD EW Count: Looking for Bullish ImpulseHey traders, we're coming up on a speech from Janet Yellen. I'm expecting some volatility - and if bullish past the entry point I want to be long for the reasons below. I entered last week on a zig-zag completion which stopped out at breakeven as the retracement sank deeper into a double zig-zag correction. SL is placed below invalidation level. Keep in mind, we could also see a deeper retracement, so this entry is cautiously bullish and only if the previous resistance is pierced. Happy trading. Bullish Bat Complete Ending Diagonal Complete Previous Bullish Impulse in Wave-(a) Support at Previous Wave-(2)
Long
by glennmercer
3
USD.CAD - BULLISH CYPHER SETUP - 1.3029On the USD.CAD 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 1.3029 & 1.2980 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 1.3180 Stop loss would be placed below X leg structure support . Target 1 - 1.3099 Target 2 - 1.3141
Long
by UnknownUnicorn180388
38
Bat formation on GBPUSDHey guys, today i want to share with you an harmonic pattern formation that i think may be interesting in the next days. On the GBPUSD we are consolidating and ususally when this market condition occurs there are a lot of patterns that appear on the charts. Make sure your stop is below X, and targets could be set as i illustrated above, at the .382 and .618 retracement of the AD leg. Good luck! If you have any kind of questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
EUR.USD - BULLISH CYPHER SETUP - 1.0534On the EUR.USD 4hr 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 1.0534 & 1.0453 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 1.0750 Stop loss would be placed below X leg structure support . Target 1 - 1.0647 Target 2 - 1.0716
Long
by UnknownUnicorn180388
47
USD.CHF - Bullish Bat Setup - .9915On the USD.CHF 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 .9915 & .9904 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 .9992 Stop loss would be placed below X leg structure support. Target 1 - .9950 Target 2 - .9972
Long
by UnknownUnicorn180388
4
Backeting USDCAD w/Advanced PatternsAs I am getting ready for my live trading room on you tube, I came across these setups on USDCAD. This is probably my favorite thing about advance patterns, and that is; bracketing the market. The bearish cypher will potentially complete @ 1.3190 and the bullish bat will potentially complete @ 1.3090. Now if you trade advanced patterns, you can set your buy and sell orders along with your stops and targets and wait for one to get triggered. Awesome setup here and definitely one I will be keeping an eye on. IF you would like to join us in the trading room, here is the link: www.youtube.com If not, Good Luck and Good Trading!
by tommyb35
2618 & Bat pattern on AUDUSDHey guys, today i want to share this top down analysis on AUDUSD. As you know, i start my trading analysis on higher timeframe (to get a bigger perspective), and then i enter the market in lower timeframe. On the daily chart we recently exited a OVERBOUGHT condition on RSI, that's indicative of an overextended market, near to a Cypher completion. So the bigger picture tells me this may be the starting point of a reversal; therefore i go on lower timeframe (4h) and i see a double top (with RSI divergence) with a break of structure to the downside, and that's another clue in the direction i've chosen on the daily. I could have used 2618 strategy to sell the market at the 618 retracement but in order to have a closer look, i lowered another timeframe; finally we're here. On the 1h chart, as you can see, i spotted a Bat formation completing near to the 618 level. So i've decided to use the Bat completion point as a better entry for a 2618 trade, therefore with stops above the double top and target1 at the retest of the lows. This way i can have almost a 2:1 RR on the first target and possibly a 4:1 RR on the second target. Hope you understand the process that brought me to this decision. If you have any question, feel free to ask beneath, Otherwise, see you in the next chart!
Short
by Roker1
5
AUD.USD - Bullish Bat Setup - .7566On the AUD.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 .7566 & .7550 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 .7680 Stop loss would be placed below X leg structure support. Target 1 - .7617 Target 2 - .7647
Long
by UnknownUnicorn180388
14