Mustafoinc

Mustafoinc Updated 

Bull Cypher Recent Support (X leg) 1st target just below recent resistance, risk to reward 1 : 1.60. You could go for 2nd target at 61% fib which makes risk 1 : 2.7

Mustafoinc

Will not be buying at D but a little bit above that, if price makes it that high. Reason being; decent structure (red line) and also want to give my stop loss more than normal room so to keep my risk to reward I will either miss this trade or get in for a better price with more room for the stop loss, keeping the risk to reward 1:1.45 for 1st target. I have...

Mustafoinc Updated 

Good place to go short since X is around structure area. RSI may have divergence upon X completion

Mustafoinc

Stops are placed a little higher this time because of second structure which gives the Risk to Reward of 1 : 0.94. But this seems like a good trade because of price running all night to this structure area. But do make sure to take profits at the 38% retracement as there is structure there and if this Bull trend continues this is where it will find support.

Mustafoinc

I have written the notes on the chart it self. I will buy this at the D leg and it's possible that this may fail and if it does then we have another chance to buy at Recent Structure (rectangle in Blue). Bull Bat Strong Support/Resistance Zone (in purple line) RSI Divergence

Mustafoinc

Buying this at the D leg and stops 10 pips below X leg.

Mustafoinc Updated 

Reasons to sell: Bear Cypher Strong Resistance (Purple Line) Trend (Recent) continuation downwards Things to consider: The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play. Strong support (bottom purple line) Let us see what happens! Good luck and...

Mustafoinc Updated 

Taking this trade because it's a Bear Bat pattern in the direction of the Trend. Risk to Reward is 1 : 1.36 And RSI has divergence with price, indicating that prices will reverse.

Mustafoinc Updated 

This is adding to my idea (previously posted). If that fails then price may fall further to breach the bottom channel at which point the X leg for this Bull Cypher patterns sits right at the a major support line on the Daily Chart (please scroll back). When channels are breached price usually goes to retest the breached level and this is where you would take your...

Mustafoinc Updated 

Reasons to enter Trade: Bear Bat Pattern Long term Support (purple line dating back to April 13, 2015) Exhaustion Candle on H4 (previous green candle with long wick on top) RSI Over-bought Caution: Since this pair is in uptrend recently it may continue this trend so I will not risk a lot on this trade and also because if it turns down it go down a lot so that...

Mustafoinc Updated 

Bullish Gartley pattern in direction of trend (shows by yellow triangles) Trend line going upwards. Developing Flag Pattern Head & Shoulders Pattern Current Trade Long at end of D leg Risk : Reward = 1 : 0.81 for 1st Target 2nd Target (just below 61% Fib) = 1 : 1.37 And could be played to hit at least top of Channel (in blue)

Mustafoinc

Long Trade @ 129.833. Stop at 129.408, 42 pips. Profit at 130.560, 73pips Trade in direction of trend. Risk to Reward is great = 1 : 1.75 Possible RSI divergence upon D leg completion. Can hold the trade longer if you are a trend trader.

Mustafoinc

This is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times. Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top. Keep an eye on RSI as it may show divergence by the time...

Mustafoinc

Strong Support around the buy point (end of leg D) R:R = 1 : 1.34

Mustafoinc

Risk To Reward for 1st Target = 1 : 0.88 Trade in direction of trend. There are 2 Bull cyphers here, sorry I didn't put the 2nd one in but the X leg for that one is 1.01103 and A leg is at 1.02229.

Mustafoinc

I see the completion of the Bearish Bat pattern ending at the D point (leg). But it's possible that it can go higher if you look back X can be marked at the higher point above my X. Strong resistance here at this level if you look on a 4 hour chart. Risk to Reward = 1:1.36 for 1st target which is at 38 Fibonacci and 2nd target is at 61.8 Fib.

Mustafoinc

Possible RSI Divergence Nice Risk to Reward immediate Trend is up, longer-term trend is down

Mustafoinc

Going against Trend here Risk to Reward (is really nice) = 1:1.92, for 1st Target! Nice recent support above Stop loss 1st Profit Target is at Structure (resistance)