PipTips

PipTips

Hello traders! We’ll be watching this for next week. It’s back in the wedge and if it breaks to the upside and we see a retest to the support zone, it could be a inverted shoulder for a possible 50-80 pip opportunity. We’ll keep my 👀 on this development for next week for a potential buy opportunity. Don’t predict the market, react from it. Trade smart don’t gamble!

PipTips

Hello traders! We got our target. This couldn’t have happened any better. We see price break out of the wedge, gave the retest and tanked. Hoped you all were able to take the opportunity. Trade smart don’t gamble!

PipTips

Hello traders! We got 3 bats and they are shrinking as we get closer and closer to a conclusion from this wedge. The first bat was not illustrated because the chart is busy as it is. However, all three PRZs (potential reverse zones) were respected near D points and we see price broke out of the most recent PRZ. What's next? We should monitor for that my friends,...

PipTips

Hello traders! So we are at the D point at a resistance zone and we see a wedge developing as the market consolidates in the zone. We need to see a break preferably to the downside. The butterfly is complete and wedges typically forms in the reversal zones when an immediate reaction doesn't occur at the D point. This is why monitoring price action in reversal...

PipTips

Hello traders! We are seeing a bearish butterfly recently completed. It is time to monitor price for a potential reversal. We seen a retest of the resistance zone and it is by the right shoulder of a possible head and shoulder pattern developing. If this is so, oils we see a bearish run? Please ignore the position box on the chart, this is not a signal. Trade...

PipTips

Hello traders! Our second target was hit. Hope you guys were able to get an entry on this opportunity. Trade smart don’t gamble!

PipTips

Hello traders! We took advantage on the bullish alternative bat published yesterday. It came into our reversal zone where we took advantage of a head and shoulder pattern which is a reversal pattern. Our first target was smashed and we are hold risk free for the second. Good luck to all. Trade smart don’t gamble!

PipTips

Hello traders, we have a complete bullish alternative bat pattern on the Yen invalidating the previous bat. Price should be monitored in the PRZ for reversal confirmation. Alternative bat patterns are usually retests of prior support/resistance and we may see that on the Yen here. Trade smart don’t gamble!

PipTips

Hello traders! After hitting our second target on our buy position courtesy of the bullish Bat, we are wondering if we will see a continuation if the bulls keep momentum? I guess we will see this week. Analyze, monitor and execute. Trade smart don’t gamble!

PipTips

Hello traders! We are monitoring the development of a bullish Bat pattern on the Yen that completes at a support zone to present a possible buy opportunity. A sign of reversal in that zone will determine whether or not the bulls will push the market up. We will continue to monitor this setup next week to validate the opportunity. Trade smart don’t gamble!

PipTips

Hello traders! Here is an idea for a possible short opportunity. We’ve been watching this down trend on the Australian Cad and here we have a retest of the downward channel. We spotted a bearish Cypher pattern near completion as we will monitor price action for reversal signals. This is an idea for educational purposes and should not be interpreted as a signal....

PipTips

Hello traders! We got a bearish Cypher pattern ear completion in a down trend channel where the D point will give us a retest at the top of the channel presenting a possible opportunity for shooting the market. This is an idea not a signal. Patterns do fail so it is imperative to monitor price action in this area. Trade smart don’t gamble!

PipTips

Hello traders! We have a Bearish Gartley developing near a resistance level that presents a possible short for a pullback. This is an idea not a signal as price action should be monitored for signs of reversal. The B point is at a precise .620 which is well in range of the required .618 for this pattern. Our D point completion will be at the resistance which...

PipTips

Hello traders! We are monitoring the development of a second Bat pattern developing here on the Euro Pound. We are just below a resistance area and we might see a pullback after we get our D point to complete this pattern. It's a minor downtrend so a setup like this would give us another short opportunity that may create a right shoulder as well. This is an idea...

PipTips

Hello, traders, here we have a possible Bat pattern near completion awaiting the D point which is required to validate the pattern. We will look for signs for reversal at the possible reversal zone (PRZ). Stop typically placed above the X point and target 1 at .87000 and target 2 at 0.86150. The PRZ must be monitored for reversal confirmation after seeing how...

PipTips

Hello traders, this is an update on an idea published earlier this week. Price got rejected at previous support and we assumed the possibility of a head and shoulder pattern developing. We monitored price action at the right shoulder where we look for signs of rejection for the reversal to take 4 buy position. Our first position was 50 pips and the rest increased...

PipTips

Hello traders. we are seeing possibly head and shoulder pattern here which is one of the most common reversal patterns in trading. Price is currently at a resistance zone and if rejected, we can see a push down to the .382 retracement of this bullish leg which will give us a right shoulder for a possible buy position. This down trend may be exhausted and we will...

PipTips

Hello traders, just following up on a crab pattern we spotted after the B point was established. Related link below. Trade smart don’t gamble!