At Market Cypher! USDJPY 4HHey traders,
USDJPY 4H has just put in a nice Cypher pattern. I was actually involved in this last night when the 0.786 retracement of X-C was hit, however this morning it has pushed slightly lower and is still valid. As a result, you're getting a better Risk Reward on this pattern.
Will be looking for the usual double target positions and rolling the stops from the first position to break even once target one is hit.
Keep an eye on this one!
Fibsii Team
Reward
EURUSD Bat X@1.0851Hey guys,
Here we have another potential Bullish Bat pattern forming on EURUSD 4H. Above a 1:1 Risk Reward on this pattern. We haven't quite broken below the B leg which would suggest a press lower to out D completion, however the overall bearish momentum in this pair would suggest a press down into out D point.
Will be keeping an eye on this pattern and entering when appropriate!
Fibsii Team
At Market Bearish Bat!Hey Guys,
Been a while waiting for our next trading opportunity but the important thing here is we don't try and force a trade. We currently have an at market Bat formation on EURJPY 4H, providing us with a 1.5 R:R to target 1. Will be looking for a press to the downside and the nice indecision candles around this area suggest selling pressure.
As always, trade your plan!
Fibsii Team
At Market Cypher Short!Hey guys,
Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid trade and I wouldn't enter it - unless of course I was already in.
Will be looking for a press lower in this - trading fibonacci targets. Keep an eye out!
Fibsii Team.
EURJPY Bat ShortHey all,
Woke up this morning and noticed a smaller Bat pattern forming on the 4H chart. Although we haven't broke and closed above the B point yet, we have pushed higher - will be waiting for the candle close. Still have my orders placed on this as we could spike up and get filled.
Looking at a nice Risk Reward and a relatively small stop loss for the 4H chart. Will be looking to get filled today and a move to the downside. Conventional Fibonacci targets in place.
Fibsii Team.
GBP/AUD - LONGInverse H&S formation on the Daily TF which we have just completed the RS and are currently in the BUY ZONE. Upon the break of what was acting as a previous support (now resistance) of 1.70525 I will be looking for a long entry. Most likely looking for a break above the 23.6 fib. Just over 2:1 R:R Ratio, will keep my eye on this as the day progresses.
EUR/USD - POTENTIAL BEARISH BREAKOUT EUR/USD is sat on a key trend line acting as support which has been tested several times. I am waiting to see if we break the trend line, if so i will trade it down to the monthly support of around 1.08100 with targets set in between. I will enter trade on a close below the trend line. RSI and Stochastics also appear bearish into the week ahead.
NZDJPY / 15M / BAT PATTERNJUNE PROMO: www.StarProsper.com
PAIR: NZD/JPY
TIME-FRAME: 15M
TRADE: BAT PATTERN
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
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