GBPUSD bat pattern formation long (35 pips)good day traders
we got here a bat pattern formation showing for 35 pips .
happy hunting
Advancedpatteren
Bearish Batt FomrationThe reason why i have enter the trade is becasue there is an advance pattern which had formed and it's at previous structure resistance
Yet again another cypher....Well this is getting a little crazy. We have had 3 cypher patterns on the USDJPY in the past week which is above normal on the hourly chart. The last one was profitable but only to target 1. Lets see if this one will fill and do better.
A way to hop on the trend with the dollar yenThis is the first long cypher on the usdjpy in a while now. As most of you know, the fundamental news and the trend is very bullish for this pair so this might be a good opportunity to get long with the trend. Normal targets for advanced patterns are the 38.2% and 61.8% retracement of the C-D leg but you could shoot for targets at the 118.4 - 118.6 levels. My stops are at normal placement for them, that's because I do not shoot for extended targets in my trading. If you are going to go for extended targets, I would get your stops under 117.00 because of the psychological number and that is where previous structure is. Be aware that the lower time frame trend is bearish so just be sure to follow what your rules say. Good luck out there.
December has been a good month for the CyphersI know most people have finished trading for the year but as for me, I'm not done yet because I'm still learning. We have a cypher pattern on the USDJPY. The D completion point was at 117.55 and price did come up a little past it but we are moving the right way as of right now. If price retraces a little you could still get in this I would just warn you to get your stops above the structure at 117.87.
Good luck out there.
GBPUSD 60 Min Cypher Complete2 targets the 318 and 618, some of the points are just shy of the exact points but within my own set of rules
