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Advancedpatterns

Gartley Pattern!Hey guys, in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price to enter the PRZ (Price Reversal Zone) and then waiting for an additional confirmation. I'm going to set my orders on during the night. Stop would go above X, target1 and 2 as in the chart. Feel free to ask question if you want. Otherwise, see you in the next chart!
Short
by Roker1
Trade opportunity in the midst of consolidation for EURCADAny pattern trader out there loves consolidation because for us it means we tend to get many opportunities to trade. Currently the EURCAD is no different. We had a cypher pattern set up and roll over pretty much right once it hit the entry, today we have another chance at a cypher pattern. Entries are at 1.4023 and you need to get your stops under the x point. The only issue this one might have is the other structure level right under the X point since the market may very well test the lower level. Be sure to do what your plan says to do and stick with it. Good luck!
Long
by tpick74
Cypher pattern on EURNZDHey guys, another advanced pattern formation i'd like to share with you today. As usual, my analysis starts from higher timeframe: the black line represents a daily structure level that's just been broken to the downside by priceaction. Being that, i know i expect a bearish continuation to the south and i want to get involved in short trades if i can. This harmonic pattern, called Cypher, allows me to do so, therefore i'm setting my orders up. Stops above X, targets at .328 and .618 retracements of AD leg. Good luck! If you want to share your standpoint or just ask questions, feel free to write below. Otherwise, see you in the next chart!
Short
by Roker1
Bullish Butterfly At Major Structure on USDCAD!As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade. But when I get a setup like this, well now I have a structure zone to place my stops under. This pattern will potentially complete @ 1.3021, which is right at the lows of this major structure zone. Minimum stops should be below the structure zone, and even if you want to put your stops below 1.30000, you will still have an excellent risk/reward ratio for both target 1 and target 2. As always, follow your trading plan. If you would like to join me in the live trading room, here is the link: www.youtube.com Good Luck and Good Trading!
Long
by tommyb35
Bat pattern on USDJPYHey guys, i want to share a nice opportunity that could complete in few hours. It is a Bat formation and its completion comes right near an important 4hr structure (blue line), on the daily we recently broke below a support level and this represents a test also of that level. Please note it would not be a valid pattern taking the fibs from the very high, but i decided to use that X because stops would anyway be safe above that high with my stop loss position. If you want to take this pattern make sure your stop is above 115,60s. Targets as usual at .382 and .618 retracements of AD leg. Good luck! If you want to ask questions or share your standpoint, feel free to write below. Otherwise, see you in the next chart!
Short
by Roker1
6
That's beauty! EURJPY pattern symphonyHey guys, i want to share with you this outlook i've drawn on my chart. You can see 3 different advance pattern formations are setting up right now. I consider those to be three valid reasons to get involved in the market. You know stop would go above/below X, and targets at .328 and .618 AD retracements. Don't tell me it's not beautiful. Good luck in the markets! If you want to share tour standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
by Roker1
2
Massive Bearish Bat Pattern EURUSD!I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126. Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially complete. Not only does it offer an excellent Reward/Risk ratio, but it also lines up with a major structure zone outlined by the red box on the chart. If you scroll back and look, you will see that this level between 1.08000 and 1.0875 has been tested as support and resistance numerous times. So whether you are an advanced pattern trader or a technical scoring system trader, this is definitely a setup to keep your eyes on this week. Here is the link to the video: youtu.be Good luck and Good trading!
Short
by tommyb35