Take note of yellow dashed line and be sure to protect current profit. price can potentially pull back from there to trap low before continuing up to first tp area.
Here is a bullish cypher pattern. Entry, Targets, & Stop Loss: Entry = "D" Point Target 1 = 382 Retracement of CD Leg Target 2 = 618 Retracement of CD Leg Stop Loss = 10 pips BELOW "X" Point *Close out half position at Target 1 and move Stop Loss to Break Even for remainder of trade.
Here is a PROJECTION of a Bullish Bat Pattern that I think is forming. All trade info on chart and also below. * Please Note: I am new to sharing these ideas and charts, so if this is helpful, please Like & Comment and I'll continue to share the ones I find. Trade Entry, Targets, & Stop: Entry: 129.864 (88.6% Retracement of "XA" Leg) Stop Loss = 129.511...
Found a completed Bearish Butterfly on NZDJPY. SL = 113 Extension of AD Leg. Target 1 = 382 Retracement of AD Leg Target 2 = 618 Retracement of AD Leg. If Target 1 is reached, move SL to BE and let trade run.
*Apologies for posting this one late as well. Cypher Pattern ALREADY reached TP 1 at 382 Retracement of CD Leg. Took profit and moved SL to BE. If you missed the first entry, can TRY to re enter at price of B. SL = D Point (can also do 10 pips above D). Target 1 = Still would be 382 retracement of CD Leg. Target 2 = Still 618 retracement of CD Leg.
SORRY FOR BEING LATE TO POST THIS ONE. SL = 10 PIPS ABOVE "X" TARGET 1 = 382 RETRACEMENT OF CD LEG TARGET 2 = 618 RETRACEMENT OF CD LEG. *TARGET 1 ALREADY HIT. IF YOU CAUGHT THIS PATTERN AT D COMPLETION, YOU SHOULD HAVE MOVED SL TO BE. ** IF YOU MISSED INITIAL ENTRY, POSSIBLE RE-ENTRY AT B POINT: STOP LOSS = D TP1 = SAME AS ABOVE TP 2 = SAME AS ABOVE
Cypher Pattern ALREADY reached TP 1 at 382 Retracement of CD Leg. Took profit and moved SL to BE. If you missed the first entry, can TRY to re enter at price of B (0.68060) TP = 618 retracement (0.67548) SL = D (0.68255) *Please note : This is my first IDEA. Take it with caution.