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Butterfly Pattern , Eur/Jpy, 30 minhere we see a Butterfly pattern forming on the Euro against the Yen. If the pattern makes it above 136.025, the pattern will be complete, in which case i have places my entry at point B , my limit at the 1.618 extension of the BC leg , and my stop at the Red D point, because at that point , we are at roughly a 2:1 risk reward ratio, also because I am going to walk away, and if the market crosses 136.025, but doesnt make it the the Black point D, I don't want my stop further out then that structure. I have used the linear regression line as support for my Hypothesis, the chart will show you a linear regression of the last 200 moves,(or the last 100 on the hourly). The idea here is that the harmonic is also in sync with the price action style trade, giving me a better chance at correctly identifying the next move. Thanks for tuning in, please leave me some tips, advice, or just a plain old thumbs up! AKA like comment and follow:) Thanks again, Good Trading
Short
by Kylan_Laymance
Butterfly Pattern, Eur/Gbp, 15minHere we see a butterfly pattern on the Euro, Pound charts. Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line. I have placed my targets like any other harmonic you will see me trade. My entry is at point b , my stop at point X and my limit at the 1.618 extension of the BC leg. This pattern appears to have 9 hours to complete as labeled by my forecast line. Thanks for checking us out, as always like comment and follow. Thank you and good trading !
Long
by Kylan_Laymance
Cypher Pattern, NZD/JPY, 30min Here i see a Cypher Pattern on the NZD/JPY chart. And what i noticed, if you zoom out; on the daily chart there appears to be a crab pattern that has rallied as if it going to complete as suggested, but this Cypher pattern has me thinking that the market will more likely continue in downtrend and break the structure of the crab pattern therefore ruining that trade. Now the cypher is still a safe trade if ,and only if, the market completes the Cypher then immediately reverses upon completion. But in short, I've decided to short the Cypher trade for a lot less return, but its safer. My entry is at the peak of the cypher pattern with stop around the highest high of the pattern, my limit can be debated, if we assume the market is going to continue in downtrend after breaking the structure of the crab pattern, you could move you limit to the next structure support level, but i always believe in consistency, so i have placed my limit at the 1.618 extension of the BC leg. Please , if you agree, like comment and even follow ! As always good trading !
Short
by Kylan_Laymance
Bat Pattern or a Wedge GBP/JPY, 1hr Here we see a developing Bat pattern in a triangle or wedge pattern. we know that wedges generally rally out at 3/4 of the triangle, be it up or down. So what we should expect to see happen here is that the market will rally down into previous structure around the 1.618 extension of the AB leg. when the market does so, it will complete the bat pattern triggering a reverse in the market and rallying back up into the 1.618 extension of the BC leg. however, if the market breaks through the wedge at the 3/4 mark on the upside, its likely to see a similar rally, up into the 1.618 extension, but our room for profit is less. So my entries are marked at the 3/4 mark on both the upside and the downside, both long. my upside stop is placed at the current structure level around 1.8170 and that limit is placed at the 1.618 extension of the BC leg. The second option, for the bat pattern egas an entry placed at the 3/4 mark on the low side of the wedge, a stop placed at the lowest low of the bat pattern , and a stop placed at the 1.618 extension of the BC leg. Than you for you time to analyze with me, i look forward to future trades, if you do too, please like and follow, but also , comment and let me know what you think. Thank you guys again, good Trading!
Long
by Kylan_Laymance
Gartley Pattern, USD/CAD, 30In order to recover from my loss on USD/CAD, I have found a Gartley pattern in the market at around 1.20090. this pattern looks pretty strong and i predict that the market will reverse to the 1.618 extension of the BC leg of the Gartley pattern. I have placed my short as high as I would consider the pattern effective, and my stop at the top of the Garltley pattern. Obviously my limit is placed at the 1.618 extension of the BC leg, leaving us a roughly 2:1 risk reward ratio. if the market rallies higher than the stop, there is a chance for a deep crab pattern, so check back in for a market reversal. As always, don't forget to like, comment and follow. Good Trading!
Short
by Kylan_Laymance
USDJPY on watchAs you can see price is is just at the bearish trend. if price break, it should go the top at 121-122 area. But if price bounce it should go to the Support at 118.10-118.50 area. if price break this support it should go to the bullish trend and then we can see if price bounce or not to make another trade. For many reason i didnt put in the chart i believe more that price will turn bearish. but you know, market do whatever it wants. please comment. i would like to know your opinion
by luismialcega