Bear Cypher Pattern on the AUDUSD Daily Chart
Looking for different reasons on AUDCAD 1H
TCT and Advanced Pattern Traders have an opptunity setting up.
Will be looking at the Completion of the Bat Pattern for a pottential short opportunity
One gartlety which is at market. and Bat waiting for compeletion at 103 Even. TIme to consider where to place your stops and have a minimum stoploss. I have a rule for max stoploss of 100 pips. so I will wait for price action to come with in that Zone. I will use the filter of RSI being over bought and Divergent for a reason for entry on the lower time frame
Depending on the RR Ratio, you want to wait for price action to come to you, as we know that Cypher Patterns have an Inverse Risk Reward. Good luck in the rest of the Marketss.
Depending on the approach of the market, 2 advanced bear gartely patterns with the bigger one having a better risk reward ratio. Will be looking for different reasons for entry like double bottom and RSI divergence. Good luck in the rest of the markets through the week
An advanced Pattern formation Bear Cypher
Target one Hit for about 54 PIPS, rolling my stops to break even, will be looking for Target 2 at 61.8 Fib retracement
Reading Price Action. It is coming up to creating a double top. Looking left, there is previous structure Resistance. Looking for reason for Entry such as RSI Divergence and over bought on the lower time frame for a reason to get short. For Counter trend Traders. On the lower time frame Market is bullish so, I will be looking for reasons to get long in the 115's...
Will be looking at the Bat pattern Completion for pottential long opportunities Much as the Impulse leg is Ugly.
Looking for 886 Fib retracement for D completion for a reason of entry.
looking at major structure on the Left lining short of the D completion of the Cypher Pattern for a potential Short entry
Pottential Bearish Cypher on $GBPUSD 1 Hour. Looking for a reason for Entry on the lower time frame.