Daily Teacup with Harmonic.
Cypher Pattern being in the Handle
Entry hasn't come just yet. but is indicated by white line.
Asses and enter on Triple Confluence with Money Flow Index. on the 4H & Daily
take trade as a 2:1
Wil update when Entry is Possible.
Back Testing S2
AUDUSD
Nice Accumulation at the bottom of a downtrend with price coming to the Fib zone and distributing.
creating a small head and shoulder with 2 divergence confirmations as well as confluence being OB with the RSI & STOCH
SL = 15 pips
TP = 120 Pips
8:1 Trade
AUDCAD
Trend came back to the Fib zone at the end of an elliot wave broke past the zone and came down to the neck line of a head and shoulder pattern
showed a bear continuation divergence.
3:1 trade
SL 47.5 Pips
TP 142.5
DAILY DIVERGENCE HL & LL in Supply & Demand Zone
Triple Confluence on RSI, Stoch & MACD
70 Pip SL
210 TP
3:1 Trade Long Term
SL may be too small, and might be taken out by big money.
USDCAD
3RD HIT ON SUPPORT LEVEL WITH STRONG WICKS
What looks like an Institutional candle to push down before returning up
30M has divergence, confluence & is oversold.
Previous Bull Gartley are same area, retaking the 2nd trade.
Zone of consolidation in the 4H
It past the Bollinger Bands also.
Head and Shoulder Pattern with Strong Head Wick in major resistance zone.
Zone also happens to be where previous Cypher Pattern hit the D point and had a reversal.
Other confirmations are a Continuation Divergence for the Bear trend as well as Multiple Confluence on the 1 H & 4 H
ME
Sl @ 140.208
TP @ 139.342
TP2 @ 138.920
TP 3 @ 138.626
