Thanks Kasravi. Please keep pointing these out.
USD/CHF 4hr Trade Recap
Price fell short to hit TP and reversed based on a lower timeframe Z Pattern.
While usd/chf gained a strong momentum, on the 30 minute chart a perfect Z emerged suggesting a counter move which endangered our initial Setup. Leaving us with no choice but closing the position and playing the new setup.
It is quite rare that two Z Patterns cancel each other out, but it is vital to keep an eye out for it. Moreover lower timeframes are usually less commanding unless their setups carry a big move and momentum such as the one today.
I wish all the best.
Cheers
Nzd/USD 4hr Z
Today the kiwi offered a superb setup on the 4hr chart.
Once price broke the high of the last candle it shot right up to TP.
Relevant line chart.
That Z pattern ended with a pinbar, which is an important Price Action reversal signal.
Bringing those two together creates a powerful confluence which is what traders favour.
I wish all the best.
Cheers
Aud/Chf 4h Z
Price presented a neat setup, I wanted to post it earlier but wasn’t able to.
However Aud/chf is moving ultra slow and keeping a tight SL is vital here.
Relevant line chart
This setup was in confluence with a pinbar, thus creating a higher probability setup.
I wish all the best.
Cheers
Eur/Cad 30m Z invalid
Last Friday that pair presented a clear setup. However the high of the pattern was taken out before any sell stops got
triggered. Regardless price hammered down.
Relevant line chart
Following these simple rules goes a long way. Moreover Demoing Z pattern trading is the best way to test the waters
and get comfortable with it.
I wish all a successful trading week.
Cheers
USD/CHF 8hr Z Live setup
That is a clear setup with a good risk to reward ratio on the 8hr chart. Price already broke entry and has retested
that level.
Relevant Line chart
There was a similar setup on the eur/usd but price on that pair was to volatile and invalidated the pattern.
I wish all the best.
Cheers
USD/CHF 8HR TRADE RECAP,
Price yesterday slowed down by the end of the U.S. session and over night, but was picked up by a slow and steady
move today. Price managed to push towards TP and beyond.
There was a perfect setup today on the CAD/JPY 4hr too. Which was the start of a big move. I’ll try to post some
charts soon.
I wish all the best.
Cheers
Hey, Kasravi, how about this for a setup on the 4 hour EUR/NZD?
and the line chart …
thanks,
Brutus
Good morning,
And I hope you are all well.
I had a question on this line if possible and my apologies if Im asking a silly question.
I just wondered why you drew your point 1 where you did and not at the top of pattern. What I mean is, how did you determine point 1 when it seems to start higher…to my eyes at least 
Was there a kink at point 1 which differentiates it from the part where I have marked?
I appreciate your reply.
Have a great weekend
Padraic
Hi Brutus,
Unfortunately what you spotted is nothing like a Z pattern. You might want to refer to the first page and the outlined
pattern types. Moreover I’ve noticed you marked SL at the top of the last bar where a safer play is to leave it on top
of the pattern.
Hope that helps
Cheers
Hi Padraic,
Good morning to you too!
No your question is not silly at all.
When I look for patterns I look essentially for fractals with 3 movement lines. That means in that case point 1-2 was mirrored by point 3-4, that’s why they fit in the channel so neatly. That is when you’ll see the letter Z too.
Gradually you’ll go and only hunt for Zs and verify them through putting them in a channel.
Hope that made sense.
Cheers
Note: in that example points were not in proportion .
Good morning,
Thank you so much for your feedback 
I really appreciate it.
I plan to put this method to use and hopefully put up some charts in the coming days.
Thanks again,
Padraic
Cad/Jpy 4hr Z
The Canadian dollar had a pullback from it’s strong up momentum against the yen. Presenting a z pattern in such
a situation on Friday was a golden opportunity.
Relevant line chart
Most traders might be comfortable to only trade EUR/USD ,which is totally fine. Intraday trading with different pairs
is not conventional if your broker doesn’t offer reasonable spreads or you are not familiar with it’s price movements.
The best way to come out profitable is to trade pairs,situations and setups that one is accustomed to.
I wish all a successful trading week.
Cheers
Nice post! I’ve never traded the cad/nzd, would have to familiarize myself with its historical movement and behaviours. Thanks for the tip! New to the forum, have a great week!
Hey Kasravi … I’ve been experimenting with line charts as of late and been hunting price patterns relevant to line charts. Checking out the Z-pattern … will be posting some results from my tests! Do you recommend time frames for using the Z-pattern? like long-term charts possibly?
Hi smartpipping,
I suggest 4hr and 8hr charts and preferably EUR/USD pair. Other time frames and pairs come with a lot of IFs and WHENs.
That’s why I would suggest playing it simple for a start.
I wish you the best and looking forward for some charts.
Cheers
Good evening,
I wondered if this might be a valid pattern.
Its on GBP/JPY and the lines seem to fit quite well:
Happy Monday
Padraic
Hi again,
One point to add is that the 4 hour candle is still 1 hour and 20 minutes from completion.
Patience Irish man, patience 
Good evening,
One further question if I may?
Does it make a difference to use a 5 versus a 6 day candle week?
I have both and I see significant differences.
Thanks,
Padraic
Good evening Padraic,
Very well spotted, unfortunately the setup has missed to touch the channel on my charts.
Here is what I’ve got on GBP/jpy 4hr chart
Otherwise I would have been all over it. That said If it fits on your charts and you see an opportunity to jump
on the up momentum then by all means take it. But if you want to play it safe you’d let that one go.
Cheers