The Z Pattern

There was a picture perfect short on EURAUD H4 yesterday. Hit TP and bounced!

mine sharing it ? which time frame ?

Afraid I can’t post charts as away from my platform.

H4 timeframe. Can you see it?

I saw it as well but did not trade it.



Hi! You have your TP in the wrong place. It should be at the close of the candle before.

I was a bit loose drawing the levels. I spotted the pattern late since it completed while I was sleeping. By the time I saw it, the green candle (04:00 - 08:00) had already breeched the entry price and reversed.

nice setup at eur aud :slight_smile:

looks like my Z transform system, I never thought someone is Trading with something called Z except me :smiley:

Kasravi,

USDJPY has made a new VZ zone, time to look for shorts? or go with the larger trend which is long?

Regards,
Roni

hey Kasravi or roni, would one of you mind explaining how exactly you know how to draw the channels accurately. I read kasravi’s blog but still can’t seem to grasp it. thnx in advance.

NZD/JPY 4 Hr. Pattern just completed at 8:00 PM US CST.


hi i think u didnt read the blog completely

you can use equidstant channel in mt4 to draw it . there’s an article in the blog that tells about it. look again.

CHF/JPY 4 Hr


very nice… this trade workinmg now :slight_smile: excellent

I just hit my target for +70 pips on NZD/JPY.

haha yes … very nice … great momentum play

btwi cant get same pattern in my chf jpy in h4

CHF/JPY was invalidated anyway. Price went below SL level before hitting entry price.

another nice setup spotted … flawless.


GBP/CHF 4 Hr. This pattern completed at NY close.


Hector

Hope you all had a good weekend and are ready to start hunting for those key patterns this week!

Best,
Ron