Bullish Cypher close to be completed (or not). My entry will be deeper on this one as per my trading plan. And do not forget guys that this is only one trade out of thousands to come so stick to your plan and you will become profitable over time. It may be a winner or a looser trade, we don't care as we still trade overt time. Since you decided to take the trade...
Hi all, Wanted to show you a Cypher pattern that I missed it was setting up perfectly. I put the ratios so you can see where it accomplished.
I am editing my previous post. The box area indicate the valid entry zone for a Gartley patttern. As per my my rules of engagement that requires at least a 1:2 risk profile my entry is deeper on this trade. Please bear in mind that you need to adjust your entry/stops/targets on any patterns that occured to fit your trading rules. It is better to miss a trade...
Identified bullish Gartley on EURJPY 0.07% . We have to be careful on the structure area that could stop the price, going on break-even would be the conservative decision if the price is likely to hit this zone. Good trading ! Update status
BEARISH GARTLEY PATTERN ON WEEKLY CHART (For long term traders)
Nice Gartley pattern ready to be set-up on Daily timeframe. The deep AB leg provides deep 1.27 extension which gives a decent risk profile. Good trade
First push up with nice Fibo retracement on 61.8, going long shooting for 1.618 Fib extension and risk reward 1:2
The H4 timeframe shows a nice zone of confluences : - 1.272 Fib extension - Structure support at 1.1027 - ABCD pattern on both H4 and M15 time frame (blue and red trend lines) Before reaching this zone the price is retracing on its 61.8 Fib level, so we need to find a way to enter long of this trade. I use to enter on M15 timeframe to find zone of high...