Adjusted Stops and Targets, Entry just before 78.6% stops above highs...
Position short and now swing long with final target at 12100 looking to get short again at Cypher completion Any close below the 10657 will invalidate this setup, but for now I am playing a bounce into a Cypher short at 12124 The current swings are at the limits of a Cypher pattern and so there is not really any tolerance left to invalidate this setup
Three clusters levels, 120.525, 119.93 and 119.178; preferred level 119..17 Might wait to see how it responds around the 120.00 level
Possible long trade on GBPCHF Some people may not like it due to the B leg closing below the 61.8% retracement but that is up to them
Seeing this is all over the news and the doom and gloomers are coming out in force (after the fact... of course!) I thought I would step back to the higher time frames to see where we are... Interestingly we dropped almost perfectly off the high at the completion of an 8 year gartley pattern Looking at the chart now, there is really nothing stopping this falling...
Price action confirmation on Daily Chart Entering short looking for decent swing trade lower
If the stop fails then a perfect Cypher completes directly below I prefer the bat as it is lower risk, but we will see
Well... it took a while!! But.. we are setting up some potential longs here as well... Bullish 5.0 on this chart.. see lower time frames for other bullish setups
Also a bat at 77.23 but very early days, there is a 70pip range from 78.55 - 79.29 should hold support There is an unclosed gap at 84.65 should could be a nice little rally from this zone
As per last post/ monthly chart cluster + longer time frame butterfly level 4hr chart showing signs of 3 drives + shorter term butterfly level Need somewhere to hang a stop loss, so I am going to wait for a price action clue - hopefully a small clue!!
Bigger picture butterfly... see the lower time frame for shorter term butterfly This coincides with a larger monthly fib cluster level (see earlier post here ) Saying that monthly levels are a little spongey and I do not trade butterflies without a small candlestick confirmation so am looking for clues to short!
Starting to look a little stretched now as been going on a while would not be surprised to see the market break lower Strategy is the strategy so see what happens... t
Gone for slightly more conservative targets than usual for bat pattern as there is a Cypher in there as well... If it goes to plan could be a nice bullish pattern around 0.9270
Daily levels of interest 1.2620 and 1.27287 Need a price action clue at 1.2620 to take action but will likely short the bat level
AUDCHF possible bearish Shark Patterns 2x levels 0.72660 or 0.73154
Interesting lesson I learnt... Looking at near misses and impact to performance... left 11% on the table for not allowing another 2.3 pips for the spread at entry Hopefully this prompts others to keep a journal and keep reviewing and looking for ways to get better!!
Looking to buy, second target is also a possible stop and reverse short zone based on a longer time frame pattern and monthly key levels