EURUSD - 15m - Shark and Bat for another potential upwave?

14 Şub 2016

Market may or may not break down at the current level. but if you wanna see another wave up then those 2 pattern can give you a nice entryreason. Entry is at the 886. for both patterns and stop tight below X or 0, since we dont wanna see new structure lows. note that the levels on the charts arent drawn in with care, since its very zoomed out. so make sure to doublecheck

im goin to bring my stops to breakeven at the normal profit levels for those types of patterns (so probably the 38.2) but targetwise im looking for a bigger picture move.
Risk reward is about 20:1 average, so nice potential.

14 Şub 2016

İşlem aktif

15 Şub 2016

Not

38.2 retracement hit, so stops to breakeven. lets hope for a rally from here for a nice start into the week ;)

15 Şub 2016

Not

widend my stops abit again based on the cypher pattern on the 5m. Stops are now blow the D completion point of the original pattern, that now is the X point of the cypher pattern.

15 Şub 2016

Not

cypher pattern worked out, stops to breakeven again.

15 Şub 2016

İşlem kapandı: durdurma seviyesi

out for breakeven. probably for the best since the market is really on the edge at the moment.