EUR.JPY - BEARISH CYPHER SETUP - 122.238On the EUR.JPY 4hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 122.238 & 123.322
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 123.00
Stop loss would be placed above X leg structure resistance .
Target 1 - 120.693
Target 2 - 119.768
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GBP.USD - Bullish Bat Setup - 1.2062On the GBP.USD Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.2062 & 1.1986
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.2550
Stop loss would be placed below X leg structure support.
Target 1 - 1.2310
Target 2 - 1.2455
GBP.JPY - Bullish Bat Setup @ MarketOn the GBP.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 139.081 & 138.844
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 140.40
Stop loss would be placed below X leg structure support .
Target 1 - 139.720
Target 2 - 140.114
EUR.CHF - BULLISH CYPHER SETUP - 1.0656On the EUR.CHF 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0656 & 1.0632
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.0730
Stop loss would be placed below X leg structure support.
Target 1 - 1.0690
Target 2 - 1.0712
EUR.CAD - Bearish Cypher Setup @ MarketOn the EUR.CAD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.4220 & 1.4308
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3850
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4051
Target 2 - 1.3948
GBP.JPY - BEARISH BAT SETUP - 141.362On the GBP.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 141.362 & 142.040
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 139.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 140.391
Target 2 - 139.798
GBP.AUD - x2 Bearish Cypher Setups - 1.6583 & 1.6378On the GBP.AUD 4hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher setups.
Bearish Cypher Setup ( Blue ) - D leg completion 1.6583
Target 1 - 1.6357
Target 2 - 1.6216
Bearish Cypher Setup ( White ) - D leg completion 1.6378
Target 1 - 1.6231
Target 2 - 1.6140
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance.
EUR.USD - Daily OutlookThe EUR.USD is one pair on my watchlist into Monday / Tuesday.
Although i posted a H&S formation on Wednesday, price has now failed to accelerate away from the 1.0550 level after forming a low test candle.
Due to the this weak bounce of a strong support level, i will be looking to take this pair short into early next week.
AUD.CHF - Daily OutlookThe AUD.CHF is one pair on my watchlist into next week.
We have now seen price break and retest an historical trendline dating back to 01.12.2015
We also have a very clear uptrend dating back to the 30.12.2016
With a trendline cross forming at .7700 it gives us a strong area of interest.
I will be looking to take this pair long into early next week if the 4hr and 1hr charts give me a signal.
EUR.CAD - BEARISH CYPHER SETUP - 1.3890On the EUR.CAD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.3890 & 1.3914
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.3820
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3857
Target 2 - 1.3836
EUR.JPY - Post Trade AnlaysisGood afternoon traders,
A number of followers here on TradingView have asked me to run through my analysis on EUR.JPY in a little more detail.
As the position has now closed i thought i would break down my analysis here on the Daily TF.
Although there is more information on the 1hr and 4hr TF i hope it has been beneficial.
Have a great week.