Nice Bat Pattern setting up on the daily. Very high probability trade setup here guys. We have multiple trendlines converging at the point of the Bat completion. I am expecting a move down to at least 1.11000s and then likely all the way down to around my L3 (low 3) of the larger HPF Setup. Risk reward as usual very nice.2.45 to Target 1 and a 4.25/1 to Target 2....
There is potential high probability formation forming here which should break down to the support level before rallying back up into the bigger "squeeze pattern". It gives you a very nice Risk/Reward of about 3.5/1 as you can have very tight stops on these types of HPF "squeeze formations".
Very nice potential trade setting up here on the 4hr/1hr as we look for the completion of the Crab Pattern which comes in at a major resistance level. R/R on this trade is amazing, 3/1 on the first Profit Target and a potential 4.5/1 if you want to shoot for Target 2! You must take this trade! Risk/Reward is great, we are at major structure with the completion of...
We are coming into a very critical area for the gbp/chf. If the support level (RED) dosent hold, the gbp will very likely plunge to new lows last seen in june 2015 as there is no support for the GBP beyond this critical level until we get all the way down to 1.38000s.
The market has been really dull here at the beginning of the week, but here is a good potential opportunity for a buy on aud/nzd. The Butterfly and the Bat Pattern completing here at the exact same point, with structure. This is a very nice trade because if the market breaks the X leg of the Bat Pattern there is nothing really stopping it from dropping much...
Here we have a Harmonic move down and if we get a pullback from the "Reversal Zone" into the trend line it will present us with a very high probability trade.
Trend continuation trade here on GBP/USD. Expecting a nice harmonic move to the next resistance level which comes in at 1.27$ extension.
First of , sorry about not posting the trade earlier while the setup completing, It happened overnight while I was fast asleep :). Anyway, we have a completion of the Wolfe Wave which gives us a R/R of 4.95/1 or if you want to be more conservative about it you could just take profit at next structure target (0.97500). Again sorry for the late post as the market...
A nice potential setup here on aud/cad. If the market can press up into the completion of the Gartley then we have a potentially good shorting opportunity. You can take 1 or 2 targets here depending how you want to play it. Target 1 is 0.098785 Target 2 is at the next support level at 0.98380 You can then Buy it back up if the yellow Gartley completes.
A nice trade wherever the market goes. You got a Shark to the downside and a Deep Crab and Butterfly at the same structure level for the upside. Dosent get any better then this.
A nice potential 5-0 Pattern here if the market roles all the way down to the 0.50% where you can buy the GBP back and ride it back up again for a retest of the previous structure high at around 2.05500 level. R/R as usual great :). At least 2.3/ 1 or more depending how aggressive or conservative you are with your Stop Loss placement.
Just wanted to throw this one out to you guys. So many opportunities here. You a selling opportunity on the Shark completion and on the buy side you have a Crab and Gartley that complete at around the same level giving the trade that extra security.
Here is a Cyper Pattern for you guys that trade them. The Cypher completes at structure support but if you want to wait for the Shark to complete for a better R/R then you wait for the market to touch the 88.6%. Nice trading opportunity where you can have tighter stops since if the support level dosent hold there is not really anything stopping the market to go...
Coming to a nice level for a potential long entry with our Profit Traget at about the last major structure point which also falls in between a 0.382% and a 0.50% retracement giving you a very nice R/R of 2.4/1 . Stops go below the 1.414% extension.
A lot of action on the NZD/USD pattern wise. Here we have great trades setting up in both directions, so you have an Alternate Crab with a great R/R if the market moves up and if we get a move down you have a Gartley Pattern (Red) that completes at 0.63600s but there is not to much support structure on that level so I would be very conservative with the Gartley on...
Great selling opportunity around the 119.300s as the Crab and Butterfly pattern complete there around the same level. There is a possibility of a much larger Shark Pattern completing above at around 119.900s if you want to wait for that.
Multiple advanced patterns here on NZD/USD. We have a nice Shark Pattern for a sell and then a Butterfly and a Crab for a long position. I recommend watching this pair closely as there is a potential for more advanced patterns to form.
Potential Beautiful Bat Pattern and a smaller Gartley forming. Not a great R/R on the Gartley but the Bat if it completes gives you around 2.7/1 R/R. Will be watching this pair closely and hoping the Bat completes.