SOT

Hey traders! Here's a Cypher pattern that completed awhile back on NZDUSD.
The Cypher completed but it was definitely a rocky start as you can see. This trade has truly tested my emotions but I followed my plan and trusted my analysis.
I took partial profits off at the 0.382 retracement where price consolidated and will take the remainder at the 0.618 retracement that also coincides with a daily demand zone.
I hope you're all having a great week in the markets! It's been a great week so far!

Here we have a potential Bat pattern forming on the USDJPY 4Hr. We'll have to wait and see if price retraces to the D completion point which would indicate time to enter the market long.
The Bat patterns X to A impulse leg formed on a recent area of support that was previously resistance. This pair has also been trending upwards on the daily timeframe which gives me a bullish bias.
Stacking together multiple elements of confluence will help you determine if a trade is worth taking or not. The more confluence, the better chance the trade will work out. We can't simply trade a price pattern because it appears; we must find additional levels of confluence to support the price Pattern which will give us a better confirmation of price direction.
I hope you're all having a great week and a great end to 2016. Stay hunger and respect the grind!