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NZDUSD Long CypherHey all,
Haven't seen much activity in the markets this week. Checked NZDUSD this morning though and found an at market Cypher pattern. This pattern has already pressed lower than the .786 retracement entry but is still valid which means we can get involved with a better risk reward.
Only a small risk on this trade so should be open to most traders. This is also a pattern following the underlying trend so would be hoping for further bullish movement.
Keep an eye out,
Fibsii Team
Bat AND a Cypher?? EURJPYHey all,
Here we have another unique position setting up on EURJPY. We have a Bullish Bat pattern and a Bearish Cypher pattern both forming. Some of you may have the question:
"well if one says up and another says down, which one do we take?"
The answer is whichever completes first! If one completes and that triggers the other, we take both. If none complete, we take none. Remember; following the rules is more important than doing what you think will happen or which you think is more likely to complete and 'win'. They are both good trades so we take both.
Fibsii Team
Neutral Position - GOLDThe trend line ( Purple ) has been tested twice and and the resistance ( Green ) that was formed on the the 14th of December was tested and caused a drop on the downside and nearing the trend line. If it breaks through that expect it to hit the 1137.33 levels and if it doesn't breakthrough that and respects the trend line. I will hold the position till it hits the resistance line.
. Keep the SL for the buy just below trend line or below the first support level ( 1145.54 )
. Keep the SL for the buy just above the trend line ( 1150.46 )
USDJPY Broke structure to the downside...Hey all,
Been watching this USDJPY potential Bat pattern formation now for a week or so. Recently broke 3 levels of structure (green lines) to the downside indicating we will be pressing down to a Bat pattern completion! Probably looking for this to happen early next week but we shall see.
Good Risk Reward on this too if it happens - looking for target 1 and 2's.
Also planning to do some education material here on trading view to give you some insights into becoming profitable!
Fibsii Team
EURJPY Patterns!Hey all,
Here is a unique position on EURJPY 4H. We have both a Bullish Cypher forming in addition to a Bearish Bat pattern. I would personally be expecting the Cypher to complete before the bat, especially given the overall bearish market momentum. Regarding which pattern to take - take the one that fits with your rules and what your plan allows. For me I will take the first that completes, and should they both eventually complete then I will take both.
Keep an eye out for these two incase you missed them!
Fibsii Team
Potential Bullish Cypher NZDUSD 4HHey all,
Been watching this potential Cypher pattern for a few weeks now on the 4H chart. The C-D leg cannot decide if it wants to head towards the completion point or not. Until the C leg is broken however this is still a valid Cypher. Given the recent shift in trend I would be expecting a move up the upside, however following your rules always comes out on top.
Fibsii Team
USDJPY 4H Bat at marketHey guys,
Currently waiting to get filled on a bearish USDJPY Bar pattern on the 4 hour chart. This is a counter trend pattern so please be sure to follow your specific rules. The C to D leg did spike up towards the X completion before retracting, but didn't break below the C leg so it is still valid for me. 113% inversion stop loss and looking for 2 targets.
Hey guys,
Currently waiting to get filled on a bearish USDJPY Bar pattern on the 4 hour chart. This is a counter trend pattern so please be sure to follow your specific rules. The C to D leg did spike up towards the X completion before retracting, but didn't break below the C leg so it is still valid for me. 113% inversion stop loss and looking for 2 targets.
Fibsii Team
Fibsii Team
WIN 61 pips ($9.03)H4:MACD Bullish crossover relative to Zero:
1. D1 bullish: Strong+1
2. Price action (candle stick) < 5 pips: Strong+1
3. Crossover far from >1: Strong+1
4. Crossover sign changed: Strong+1
5. Ichimoku trend: MEDIUM-1
VERY STRONG+3
H4:Bearish crossover Strength relative to cloud:
1. Price action within: Mid
2. Chikou span above: Weak-1
3. Crossover mid: Mid
MEDIUM-1
LONG: 1.3444
SL: 1.3380 (64 pips)
TP: 1.3505 (61 pips)
WIN 61 pips ($9.03)