I have 2 patterns on my radar - a small Gartley and bigger Cypher Pattern, both on 15M on NZDUSD. Keep your stops by your trading rules because we are in a strong bearish trend. Good luck.
After the strong down move EURUSD is looking for a relief rally. This rally is setting a Bearish Bat on 1H - we only have to wait price to hit D point. For those of you who are going to use Bat Pattern as an entry reason, there will be high potential for a profit - you can hop into the bearish trade with little risk. Good luck.
For those of you who prefer swing trader, market is giving nice risk/reward - we have daily Bat Pattern on AUDUSD. Price almost hit termination point, and the pattern is still valid.
I'm currently looking at Double Bottom that formed on 4H on EURUSD - we can use it as entry reason since, bearish trend stalled right at 1.414 minor fib inversion. We have RSI Div, that is another point for the counter trend opportunity. We have a potential TC trading opportunity if price goes at the reversal zone - we have fibs cluster there + structure level....
For those of you who like swing trading, you can enter in a USDJPY's Bullish Bat at better price.
We have nice opportunity on AUDUSD on 15M.- Bullish Cypher Pattern. We have exactly the same opportunity like the bigger Cypher on NZDUSD on 4 H. This is counter trend trading opportunity - it will be better to check your trading plan whether you can trade it or not.
I came late on this opportunity, but I got better risk/reward ratio. For those of you who came late, market is providing positive risk/reward on this awesome pattern. You can shoot for extended target since we are in still in bullish trend - we are in a potential trend reversal.
While waiting for an entry for the counter trend opportunity, market presents a potential trend opportunity on USDCAD We have a potential Cypher Pattern - it is nice way to enter long and retesting the high with stop below previous major structure level. If price doesn't fall, I'll be looking for the counter play - we have a fib cluster right in our potential...
I'm looking at a potential counter trend trading opportunity on USDCAD. We have a conjunction of harmonic move, fib extension and structure level. Once price goes to our potential reversal zone look for your entry reasons. This structure trade presents low risk and high potential of reward for those of you who want to ride this boy down to previous structure level.
Market is providing to us another day trading opportunity - Bullish Gartley. if you came late to the party like me you will get almost 1:2 R/R.
Market is closing toward Cypher entry on GBPUSD, Let's see what the market is going to give us.