Three different opportunities here on the 60min. Potential Bullish Cypher, potential Bearish Bat, and a potential 2618 opportunity with the double bottom coming from the "A" and "C" points of the Bat. Price action might be too choppy for some people to consider the Cypher valid, but if it's still valid in your rules, then here you go. Have fun!
Here on the 60min, there is a completed Bullish Bat pattern. AUDCAD was good to me earlier, hopefully she's good to me again. Stops below "X" and targets at the usual 0.382 and 0.618
Got a potential Bearish Cypher Pattern on the 15min chart here. Will keep an eye on it, and if completed, I will roll my stops down to break even if the 0.382 fib is met, and then shoot for the 0.618 to try to get that better than 1:1 ratio.
Happy Monday peeps... Potential Bat pattern here on the 4H GBPAUD. Stops below 'x', with targets marked out at 0.382 and 0.618
2 recent Bat Pattern winners that will be added to my backtesting of this pair.
Potential Cypher Pattern on AUDCAD
Here we have 2 different potential advanced patterns on the 4H timeframe. The larger blue one is a potential Cypher, and the smaller orange one is a potential Bat... The daily timeframe shows this pair in an uptrend, continuing to make higher highs, so I would expect more bullish movement.
Here we have a Bullish Cypher Pattern that has completed on the EURCAD 4H chart. Stops below "X" and first target at 0.382
On my Gartleys, I place "D" completion at the 1.272 fib extension of A to B. Targets and stops are the same rules as my Bat Patterns... Also looks like the .618 level of my extension provided a bit of previous resistance during a small consolidation period a little while back. So hopefully if the formation completes, it will find it's way back up to that level...
Bullish Cypher Formation completed on the NZDUSD 4 Hour chart. Stops below "X" and TP at 0.618
There is a completed bearish Cypher pattern here on the AUDCAD 4H chart. Looking short to the .382 and .618 levels for targets.
Here on the 4H EURCAD, we have a potential Bat formation to complete at the 0.886
Got two potential Gartley formations here on the NZDUSD 60 min chart. Double the fun... Depending where price action moves we could potentially see one of these completed, and if the smaller Gartley gets filled first, and price moves up, we could potentially see both formations completed.
Here we have 2 different potential formations. One is Head and Shoulders, one is an advanced Bat Formation. Both are bullish.
Now there's a couple different places where you could place your 'X' point, but I chose a point where it gives me the best risk/reward.
We're looking at a potential Bat Formation here. "D" point completion at the 0.886 fib retracement of XA. That level also looks to be offering a bit of support and resistance in previous structure. As always I would place SL below "X". T1 at 0.382, and T2 at 0.618 of AD retracement... Roll SL up to break even if T1 is reached.
Potential Bearish Bat here on the 60 minute chart.
On the 15 min chart here, as price is moving up, we may see a completion of a Gartley Pattern.