PateSkpate

PateSkpate

USDJPY has carved out some interesting technical patterns. Currently, we have an at market Cypher Pattern. I'm looking at the H&S pattern that formed at Strong Resistance and will looking to sell a rally back into the pattern. Targets are shown on the chart. Stops are 1 ATR above the right shoulder and plus a few extra pips to get my stops behind that random...

PateSkpate

Sooooo, I totally forgot to put orders on this trade yesterday, ugh!!! Anyway, we had a classic bull flag that formed right off resistance. Now that we are through resistance we can expect the market to keep running or pullback then continue higher. The completion of the Bull Flag Targets puts it right in line with a big Bat Pattern on the daily and also the 1.33...

PateSkpate

EURAUD is in a higher time frame bull run. I will be using the Bull Bat Pattern for entries to buy up this pullback. Best of Luck

PateSkpate

USDCAD has been in a very strong downtrend. It just broke support and is now pulling back into the form of a Bearish Bat Pattern. I will be using the Bat Pattern for my short entry and will be taking targets back down at the lows. Best of Luck!

PateSkpate

GBPJPY has been in a Bearish Trend. It has recently pulled back into previous structure in the formation of a Bear Bat Pattern. Price has now Double Topped at the Bear Bat entry point with RSI divergence. For me stops will go 1 ATR Above the Double Top and I've shown a few examples of where one could take profits. Great R:R no matter where you are taking...

PateSkpate

Bull TCT. NZDUSD has been in a strong Uptrend for the last couple of weeks. I just bought it up in a trend continuation trade. Stops are below the swing low and i'm targeting a retest of the highs. It has a decent risk to reward of 2:1.

PateSkpate

I just got short on USDCAD on a Bear Flag pattern. It has broken the pattern and retested the breakout area. As of right now price is holding the breakout.

PateSkpate

If you zoom out onto the Daily chart you will see that 1.80 level had some importance in the past. Price has pulled off the Daily Resistance very fast and now looking for a decent rotation off the 1.80 level. Look for some sort of sign from the market before just aggressively buying up the 1.80. Maybe a double bottom, RSI divergence, bullish candlestick pattern,...

PateSkpate Updated 

This chart has been very vertical.. Take a look at the Bull Flag forming on the 4hr chart. 1 to 1 move puts the completion right into a HTF Resistance Zone.

PateSkpate Updated 

GBPNZD has pushed it's way back up to a Daily Resistance Zone. It has formed a Rising Channel as it has pressed into Resistance and typically you will see a break to the downside. This is NOT necessarily a trend reversal but at least some relief for the short term.

PateSkpate

GBPAUD has been in a bullish uptrend on the HTF.. Price appears to be putting in a complex pullback in the form of a Bat Pattern.. This will allow me to put Buy orders in at a very good spot to try and hop on this uptrend.

PateSkpate

I've been waiting patiently for AUDUSD to pullback into an area where I can get a good R:R Trend Continuation Trade out of it. It has formed a Bat Pattern which allows me to place sell orders at very good level. I will be trading 2 targets on this trade and will trail stops on the 2nd position. On the Daily chart, price has been channeling between Support and...

PateSkpate

Just got short on EURUSD 60min. We had a lower low lower close this morning signaling more bearish continuation. We just had a very nice pin bar being rejected at the back of resistance. Very small risk on this trade for a descent reward. Best of Luck

PateSkpate

As i described in the linked post, I'm looking for long opportunities on USDCAD. Right now, price is forming a tight Ascending Triangle. These Price Patterns typically breakout to the upside. IF, we get a break & close out of the triangle I will get long on this pair. I will use a trail stop for Target #2's

PateSkpate

USDCAD has been consolidating on the HTF's since May of this year. It has formed an Ascending Triangle Pattern. These typically breakout to the upside. With Friday's close we have finally closed above the Triangle. We could be seeing a major recovery in USDCAD if this pattern plays out as projected. I will be looking for some aggressive long entries on the 60min...

PateSkpate

Ok let's try this again.. Now short on this pair because of the Balance Area Breakdown. Hopefully I wont get whipsawed again :) Targets are down around the 1.58 even level.. Watch out for support around 1.5840 due to the "flash crash" lows. Best of Luck!

PateSkpate

EURUSD is in a descending channel going into a Major Support Level on the Daily Time Frame. We went into a nice consoldiation pattern yesterday and are now breaking out of it. I'm now short on it and looking to capture a move down to the 1.0942's Best of Luck

PateSkpate Updated 

Just got long @ Market on GBPAUD. It has created a small balance area on the 60min over the past couple trading sessions. We just saw a break and close out of that balance area. Best of Luck!