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
Xabcd
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.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.
EUR.CAD - BULLISH CYPHER SETUP - 1.4352On the EUR.CAD 1hr 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 1.4352 & 1.4285
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 1.4550
Stop loss would be placed below X leg structure support.
Target 1 - 1.4446
Target 2 - 1.4506
NZD.USD - Bullish Bat Setup - .6982On the NZD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .6982 & .6968
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 A to D move.
There is also an opportunity to look for extended targets at .7070
Stop loss would be placed below X leg structure support.
Target 1 - .7023
Target 2 - .7049
GBP.JPY - x2 Short Opportunities On the GBP.JPY 4hr 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 141.114
Target 1 - 139.820
Target 2 - 139.027
Bearish Bat Setup ( White ) - D leg completion 140.281
Target 1 - 139.302
Target 2 - 138.695
VG - Want some more? - Correction Over! Long! Pulled back just like we thought, and has just completed the 3rd leg a Elliot wave A-B-C corrective wave. Also is wave 4 of the bigger wave. We have piercing pattern candle completed too, with a bullish confirming candle.
Elliot says wave 4 cannot retrace into the high of wave one, so if our count is correct, we have a nice tight stop of $.15 to $.20 and we can reevaluate.
People complain about this stock, but IMO it is acting just like it should according to both Elliot wave and XABCD/Harmonic and fib traders.
AUD.JPY -x2 Long Opportunities On the AUD.JPY Daily chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat & Bullish Cypher setup.
Bullish Cypher Setup ( Blue ) - D leg completion 84.684
Target 1 - 86.020
Target 2 - 86.830
Bullish Bat Setup ( White ) - D leg completion 84.245
Target 1 - 85.750
Target 2 - 86.663
EUR.USD - BEARISH BAT SETUP - 1.1193On the EUR.USD Daily 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 1.1193 & 1.1300
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 1.0500
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0865
Target 2 - 1.0662
NZD/SGD 4 hr timeframe longSpotted a XABCD pattern that occurred and this indicates that the market will long.
Last move before the market closed, retracement showed 0.618 which indicates the pull back to go long and the profit target used shows a desired profit area of 2.618.
Small stop loss but should look like a potential market to follow as there are long opportunities to seize in the moment.
USD/JPY 60 min timeframe.Potential long term uptrend.
Market has been in consolidation and has created a double bottom formation but has not acted upon it so I am safely assuming that it will break the little trend-line and break to the upwards.
Price must break the first trend-line in order to see a potential long movement.
USDJPY - Bearish Bat PatternThere is a Bearish Bat Pattern on USDJPY H4 timeframe with D completion at 116.850. See trade details below.
I have detailed the fibonacci levels for each point on the chart for your reference/learning.
Entry: 116.840
Stop: 117.710
Target 1: 114.900
Target 2: 113.640
Hope everyone is having a good month so far!
Luke
AUDCAD Bigger Picture Trading OpportunityHi Freedom Traders,
hope you all had a great weekend.
If you are following my trading ideas you know that we are currently short in the AUDCAD due to a bearish cypher pattern completion.
For those who missed this trading opportunity there is a chance of a bat pattern completion at 1.0311. At around the same level I also spotted an AB = CD Pattern completion.
Two harmonic Patterns completing at the same price level offer us Freedom Traders a nice trading edge. Only then do we want to be active in the markets.
You find possible entry and exit levels for controlling risk and maximizing profits in the chart.
Happy Trading and a successful trading week!