CipherCharts

CipherCharts

PSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum. Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio. Happy Trading!

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On 4h timeframe, WTI Crude Oil is printing a falling wedge pattern followed by Bearish Divergence on RSI. Potential Reversal Zone is predicted using the AB=CD pattern. TRADE PLAN Buy on breakout on previous Lower High. Stop Loss on previous Lower Low TP1, TP2 with RRR of 1:1 and 1:2 respectively

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AUDCAD printed AB=CD Pattern followed by a bearish divergence on RSI. Potential Bearish shift is expected. Entry is suggested on the breakout of previous low. Stop loss on previous high. TP Levels are suggested based on RRR of 1:1 and 1:2

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NRL-PSX is expected to continue it's bullish run on daily timeframe. It printed a cup and handle pattern with no divergence.

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NZDCAD printed a Bullish Cup and Handle pattern with no signs of divergence on the RSI. Entry is suggested on 38.2% retracement level with Stop Loss on the previous Higher Low. TP levels are defined with RRR of 1:1 and 1:2.

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CADGBP is printing a symmetrical triangle with no divergence suggesting a Bearish continuation.

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On a 4 hours timeframe, AUDCAD printed a Bullish Flag with no signs of a Bearish Divergence suggesting a Bullish Continuation. Entry is suggested at the breakout of pole, with stop loss on the previous Higher Low. TP levels are defined with RRR of 1:1 and 1:2

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AUDUSD printed Bearish Divergence on RSI followed by a breakout of Trend Line suggesting a Bearish Shift. Entry is recommended at 38.2% retracement level of current price.

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XAUUSD is printing a Symmetrical Triangle Pattern with no signs of divergence on the RSI. Breakout of the Triangle Pattern will result in a bullish shift. A safe Entry is suggested on the previous Higher Low to avoid a false breakout, with stop loss on the previous low. TP levels are suggested with RRR of 1:1 and 1:2. Happy Trading!

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GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.

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GOLD printed a Higher High, and showed strong Bullish Divergence. It also printed a Bullish Flag Pattern. Entry on the breakout of resistence level is recommended.

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On an hourly timefraame, EURUSD printed Bullish Divergence followed by a Bullish Pennant Pattern suggesting a Bullish shift. Entry is suggested on the breakout of previous high with a stop loss on previous low. TP levels are suggested with Risk Reward Ratio of 1:1 and 1:2

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PSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.

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On an hourly timeframe, USDCAD printed Head and Shoulders pattern with RSI indicating a Bearish Divergence. The pair broke the neck line and is expected to have a bearish shift.

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On 2h timeframe, USDJPY printed Double Top with RSI indicating strong Bearish Divergence. A Bearish Trend shift is expected.

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On an hourly timeframe, USDCAD is printing Higher Highs and Higher Lows. A trade is suggested on 38.2% Fibb level.

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DOGEUST broke the previous Lower High and printed a Higher Low. It also printed Bullish candlestick patterns on the dip which suggests a bullish reversal. An entry is suggested on 38.2% using the Fib Retracement tool with a RRR of 1:1 and 1:2

CipherCharts Updated 

AUDJPY printed a Higher Higher and a Higher Low on an hourly timeframe. A bullish hammer was printed on the dip which indicates a potential bullish shift. An entry is advised at 38.2% fib level with stop loss being the previous Lower High; whereas the TP levels are advised as per the RRR of 1:1 and 1:2 respectively.