USD.CHF - Short Opportunity @ 1.0096On the USD.CHF 4hr 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 1.0096 & 1.0107
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 1.0020
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0061
Target 2 - 1.0041
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GBP.NZD - Long Opportunity At 1.7739On the GBP.NZD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.7739 & 1.7646
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 1.8000
Stop loss would be placed below X leg structure support.
Target 1 - 1.7868
Target 2 - 1.7950
EUR.AUD - Long Opportunity At MarketOn the EUR.AUD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3999 & 1.3940
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 1.4180
Stop loss would be placed below X leg structure support.
Target 1 - 1.4082
Target 2 - 1.4133
EUR.USD - Short Opportunity At MarketOn the EUR.USD 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 1.0678 & 1.0688
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 1.0580
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0636
Target 2 - 1.0610
GBP.USD - BEARISH CYPHER SETUP - 1.2515On the GBP.USD 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 1.2515 & 1.2557
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 1.2400
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.2456
Target 2 - 1.2421
GBP.USD - BEARISH CYPHER SETUP - 1.2474On the GBP.USD 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 1.2474 & 1.2504
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 1.2380
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.2430
Target 2 - 1.2405
USD.JPY - Bearish Cypher Setup - 111.755On the USD.JPY 4hr 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 111.755 & 112.192
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 110.400
Stop loss would be placed above X leg structure resistance.
Target 1 - 111.115
Target 2 - 110.726
AUD.USD - Multi-Timeframe Chart AnalysisI have attached on the chart above a number of multi-timeframe confluence factors that were taken into consideration prior to taking this position.
In my opinion building a tick list of requirements prior to a trade not only gives you a higher probability of long term success, but also minimises impulsive emotional behaviour.
Please note, there are number of other factors and indicators used to identify a setup, this is just a basic and brief outlook on what i watch on a daily basis.
GBP.USD - Short Opportunity at 1.2541On the GBP.USD 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 1.2541 & 1.2556
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 1.2440
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.2494
Target 2 - 1.2465
USD.CAD - Short Opportunity at 1.3480On the USD.CAD 4hr 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 1.3480 & 1.3535
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 1.3300
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.3396
Target 2 - 1.3344
EUR.GBP - Bearish Cypher Setup - .8700On 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 .8700 & .8726
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 .8620
Stop loss would be placed above X leg structure resistance .
Target 1 - .8663
Target 2 - .8641
EUR.USD - x2 Short OpportunitiesOn the EUR.USD 1hr chart we have 2 potential trade opportunity's at the D leg completion of bearish Bat & Cypher setup.
Bearish Cypher Setup ( Blue ) - D leg completion 1.0687
Target 1 - 1.0667
Target 2 - 1.0654
Bearish Bat Setup ( White ) - D leg completion 1.0694
Target 1 - 1.0671
Target 2 - 1.0657
Please trade this setup with caution.
EUR.CHF - BULLISH CYPHER SETUP - 1.0667On the EUR.CHF Daily chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0667 & 1.0624
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 1.0786
Stop loss would be placed below X leg structure support.
Target 1 - 1.0727
Target 2 - 1.0764
USD.CAD - x2 CYPHER SETUPS - 1.2584 & 1.2944On the USD.CAD Daily chart we have 2 potential trade opportunity's at the D leg completion of Bullish Cypher setups.
Bullish Cypher Setup ( Blue ) - D leg completion 1.2584
Target 1 - 1.2970
Target 2 - 1.3203
Bullish Cypher Setup ( Grey ) - D leg completion 1.2944
Target 1 - 1.3190
Target 2 - 1.3341
Bullish Cypher Setup: Stop loss should be placed below X leg structure support.