This is my 1st try mapping a potential Bat pattern. The A/B confirmation is not fully confirmed but a little practice never hurts. For reference I provided the B/C .382 and B/C .886 potential movements. B/C .382 retracement is 115.682 followed by a 1.618 extension to 116.35 before resuming the Bear movement down B/C .886 retracement is 115.010 followed by a...
Hello traders, it appears GBP/USD has formed a bearish cypher pattern on the 1h chart. This is an excellent opportunity with a potential 150+ pip return! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I hope you all have a great week :)
Bearish Cypher Pattern with high probability for short position.
not a trade I'll be taking since I don't day trade on mondays. but if you front run your orders this would already be filled, so follow your rules!! on whether you would still take this or not... entry @ 117.96 traditional targets @ fib retracement .382 and .618 Good Luck
the pair approaching the D point in Bearish Cypher pattern, i ll put sell limit @ 0.9419/20 and Targets & Stop as on the chart.
We're looking at another cypher pattern but this time on the 1h chart with EUR/JPY, this is an excellent shorting opportunity with over 1:3 risk to reward... Don't miss out on this one! The D point forms at a major level of resistance, I'm expecting price to stall out on this level followed by an aggressive reversal. The measurements for a valid cypher are...
Bearish Cypher set-up on NZDCAD. Enter short on completion of the pattern. Thank you.
Hello traders, it appears CHF/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 200+ pip return! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch...
Hi Freedom Traders, in the 60min chart of the AUSUSD a potential completion of a bearish cypher pattern would offer us a high probability entry chance for a swing trade. You find possible entry and exit levels for controlling risk and taking profits in the chart. Happy Trading!
We're looking at another CAD pair but this time on the 4h chart with a complete bearish cypher pattern, this is an excellent shorting opportunity with over 1:2 risk to reward... Don't miss out on this one! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 This idea was previously posted over a month ago,...
on the USDCAD I spotted two patterns. 1: 60min Bearish CYPHER Short in Yellow 2: 240min Bullish BAT Long in Red
Hello Traders, Here's another Bearish Cypher Pattern on my list today. If we get filled, this trade set-up has a risk/reward ratio of 1:1 for Target-1 and 1:1.6 for Target-2. Follow this idea for further updates. Happy Trading!!
Hey guys, on this pair we are in a downtrend on the 4hr chart. When this happens i start to look for trading opportunities into structure levels that may provide some resistance for a trend continuation trade. As you can see price is now coming back to the previous 4h structure resistance (black line) and right there there are two different harmonic patterns...
potential Cypher FX_IDC:EURUSD
Hello traders, following up from my previous post on price structure it appears AUD/USD is now forming a bearish cypher pattern on the 4h chart. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be looking for extra validation before entering this trade!
Bearish Cypher is about to complete on AUDUSD. An opportunity to go short.
Point B retracement to 886 (cypher) Expect Point C would be 886AB = 112.405 Buy in this point and stop loss at 127.2(112.117) Target would be 1.618 of BC (113.479) , which theory target 2.0 of BC (113.731) or max to 3.618 of BC
update if we get a daily close below 78.6% we can start looking to short