MichalCervenak

MichalCervenak

Another consolidation pattern on 60m timeframe. Taking profit from previous gartley pattern at the entry level of the cypher pattern which is also 0.618 retracament of the gartley pattern. Made 140+ pips. Hopefully this cypher will be also profitable.

MichalCervenak

Entered at 0.886 on bat pattern. If it gets stopped, there is bigger gartley pattern entry at 1.27 extension.

MichalCervenak

Big cypher on USDJPY with conventional targets at 0.382 and 0.618 fibonacci retracement.

MichalCervenak

Advanced pattern short at market.

MichalCervenak

Consolidation on EURJPY pair so I'm looking only for advanced patterns. Here is smaller cypher pattern. Targets must be adjusted as price goes higher.

MichalCervenak

We have double top with RSI being overbought and RSI divergence on 240m chart. Price is at the .886 fib level with structure on Daily timaframe. aggresive SL is within the structure provides better risk/reward. conservative SL is above structure so there is higher win% probability. Targets at 0.382 and 0.618 fib levels.

MichalCervenak

Price action came to potential reversal zone. We can take extended targets if bat pattern is in direction of the trend. Entered Bat pattern little bit below original entry Nice risk/reward, SL is above previous resistance. Target1 at previous structure low of the last impulse leg. Target2 is based on Daily timeframe structure and fibonacci confluence.

MichalCervenak

Short cypher pattern on 60m. Targets must be adjusted as price goes higher.

MichalCervenak

We have entry signal on 60m timeframe: LLLC with RSI being overbought. Nice downside potential of 100+ pips. If I hit Target1 then I will trail stops to Target2. Stop Loss is above resistance level of previous outside return.

MichalCervenak

Short GBPJPY Bat pattern @142.73

MichalCervenak

Long TC trade on 60min timeframe with entry on lower timeframe (15m). Reason for entry: double bottom on 15m timeframe at previous structure with RSI being oversold and RSI divergence. Take Profit: at retest of resistance structure level. Stop Loss: 1x ATR below the double bottom. Looking to take extended targets beyond structure with trailing stops. We have good...

MichalCervenak

Deep Gartley pattern with good risk/reward ratio Sell limit order pending @1.27 fibonacci extension of AB leg. SL: 1.13 fib inversion of XA leg. TP: 0.382, 0.618 of CD leg.

MichalCervenak

Short cypher pattern on 240m timeframe. Entry @0.786 of XC leg. SL fib inversion 1.13 of XA leg. TP: 0.382, 0.618 of CD leg.

MichalCervenak

Short cypher on 60min timeframe. Entered @0.786 of XC leg. SL 1.13 fib inversion of XA leg. TP @0.382, 0.618 of CD leg.

MichalCervenak

Bullish bat pattern @108.90 Initial targets @109.67, 110.15 Stop loss @108,44

MichalCervenak

Another bullish cypher on 60m. Conventional targets at 0.382, 0.618 SL: 1.13 fib inversion.

MichalCervenak

Bullish cypher pattern on 60min. Targets 0.382, 0.618 Stop loss 1.13 fibonacci inversion.

MichalCervenak

Bullish Cypher on 60min. Target at 0.382 0.618. SL at 1.13 fibonacci inversion. Targets must be adjusted if price goes lower.