Akil_Stokes
Short

XAUUSD: Bearish Cypher at Structure. A Multi-Timeframe Look

FX:XAUUSD   Gold Spot / U.S. Dollar
Potential Bearish Cypher pattern on Gold             Hourly completing at $1,102,47. The lower chart takes a look at the higher timeframe (240min) where previous structure support turned resistance rests along the same area as the potential Cypher pattern . No Live Room on Monday's but usually this would be the type of situation where we zoom down to the lower timeframes and see if there is any opportunity to catch the move before the move. Especially with this current price action.

No youtube video last week, but as always I did write a brief article recapping my trading week.
"Trading Recap Week 46: Are You Getting Enough Reps?" http://goo.gl/E0Cp7H

And before you go, do me a favor and SMASH THAT LIKE BUTTON!

Akil Stokes
Chief Currency Analyst & Trading Coach
http://www.TradeEmpowered.com
Here's A Free Training Lesson for you on "The Only 3 Ways to Trade"
https://buff.ly/2GLYOOQ

500+ Free Trading Videos
https://www.youtube.com/AkilStokes


Check Out The Trading Coach Podcast!
https://tieronetrading.com/the-trading-coach-podcast/
HI Akil. Nice one! I guess it will go to $1116-1120 area before coming back down towards 1040-1050 level.Lets see.
Reply
Just wanted to confirm this rule. Its a valid cypher as long as Fibonacci Retracement of A2X doesnt have a candle below 1.414
Reply
Hello Akil and Traders , what i saw was to trade the Gap first of which i shorted at 1091.00 an was just stopped out at 1085 for a very nice profit , As marked on my chart my eyes are on the Target's for a Buy.

Reply
johnmad johnmad
Reply
tigrand1 johnmad
Same for me Johnmad on a 1hour chart we just had a indecision candle and now potential bullish candle. so it seems for me also a buy opportunity. it would be 120 pips
Reply
Like button smashed :)
+1 Reply
Akil_Stokes sketchmaster
Heck yeah!!!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out