Get started

Advancedpatterns

Bat pattern on USDJPYHey guys, i want to share a nice opportunity that could complete in few hours. It is a Bat formation and its completion comes right near an important 4hr structure (blue line), on the daily we recently broke below a support level and this represents a test also of that level. Please note it would not be a valid pattern taking the fibs from the very high, but i decided to use that X because stops would anyway be safe above that high with my stop loss position. If you want to take this pattern make sure your stop is above 115,60s. Targets as usual at .382 and .618 retracements of AD leg. Good luck! If you want to ask questions or share your standpoint, feel free to write below. Otherwise, see you in the next chart!
Short
by Roker1
6
That's beauty! EURJPY pattern symphonyHey guys, i want to share with you this outlook i've drawn on my chart. You can see 3 different advance pattern formations are setting up right now. I consider those to be three valid reasons to get involved in the market. You know stop would go above/below X, and targets at .328 and .618 AD retracements. Don't tell me it's not beautiful. Good luck in the markets! If you want to share tour standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
by Roker1
2
Massive Bearish Bat Pattern EURUSD!I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126. Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially complete. Not only does it offer an excellent Reward/Risk ratio, but it also lines up with a major structure zone outlined by the red box on the chart. If you scroll back and look, you will see that this level between 1.08000 and 1.0875 has been tested as support and resistance numerous times. So whether you are an advanced pattern trader or a technical scoring system trader, this is definitely a setup to keep your eyes on this week. Here is the link to the video: youtu.be Good luck and Good trading!
Short
by tommyb35
Gartley Pattern!Hey guys, in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price to enter the PRZ (Price Reversal Zone) and then waiting for an additional confirmation. I'm going to set my orders on during the night. Stop would go above X, target1 and 2 as in the chart. Feel free to ask question if you want. Otherwise, see you in the next chart!
Short
by Roker1
Gold Forming Potential Bullish Bat Pattern 01/13/2017At the top of what I believe is a higher time-frame correction on gold may not be an ideal place to long but if there are no warning signs in the price action at the entry point I will take this trade. Additional confluences such as oversold RSI will be an added confirmation for an entry. **I am waiting for a break of the lower yellow trendline as a confirmation to resume shorting gold so if this happens this idea will be cancelled. This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
FX:XAUUSDLong
by SharkbaitAl
A huge cypher pattern on the dollar yenIf you like taking big trades on the hourly, this one is for you. It is an advance cypher pattern set up that normally has targets at the 38.2% and 61.8% Fibonacci retracements of the C-D leg. For this pattern you're going to have to have at least a 100 pip stop but thankfully the R:R is a little more then 1:1 which is not very normal for the cypher pattern. Just be sure to follow what ever your plan says because that's how you'll end up being profitable.
Short
by tpick74
5
Bearish Cypher Ahead of ECB Rate DecisionRight now i'm getting ready for my live trading room stream, and I came across this bearish cypher pattern here on EURJPY. This will potential complete @ 122.531. Minimum stops need to be above the X-Leg. Here on the chart I have my stops at a 1.130 fib inversion of the X to A leg. Target 1 will be at the 38.2 fib retracement and target 2 will be at the 61.8 fib retracement. If you would like to join me for the live stream, here is the link: www.youtube.com Good Luck and Good Trading!
Short
by tommyb35
Two Potential Cyphers on USDJPYAs I was looking over my charts getting ready for my live trading room stream, I found these two potential opportunities on USDJPY! Both are bearish and both can be used as an alternate entry for a trend continuation trade to the downside. The first cypher in blue, will potentially complete @ 114.854. Minimum stops need to be above X at 115.442 with the traditional target 1 at the 38.2 fib retracement "114.055" and target 2 at the 61.8 fib retracement "113.559". The second cypher in red, will potentially complete @ 115.969. Minimum stops need to be above X at 116.858 with target 1 at 114.746 and target 2 at 113.989. Now on the chart the traditional targets are Red & Green and both of them (depending on where you place your stops) have around a 1:1 Reward/Risk for target 1 and a 1.5:1 Reward/Risk for target 2. Now if you use the alternate targets (Red & Blue) your Risk/Reward is drastically improved. Target 1 is better than a 2:1 Reward/Risk and Target 2 (Using a 127.2 Fib Ext.) is almost 3.5:1 Reward/Risk. As always, follow your Plan. If you would like to join me in the live stream here is the link: www.youtube.com Good luck and Good Trading!
Short
by tommyb35
1