SUMMARY: The USDCAD pair bounced slightly during the course of the day on Friday, using the 1.3027 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are...
Hey Guys, As you can see from the chart we have a completed bearish cypher formation and price is staying above our usual entry level in Axisbank . We can take this trade now also, bcos it gives us the advantage of reduced risk reward, so even incase of loss we will be losing lesser compared to what we lose if we enter @ Usual entry level. Moreover, you can...
Hello! This Bearish cypher pattern is very close to completion so keep and eye in this one :) Good Trading! Errol
SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.2830 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bearish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are...
Hello traders, looks like GBPAUD gives us an opportunity to hop on this bearish trend..the reasons why the little orange box is the good place to sell : 1. Cypher pattern completed at that area (0.786 retracement of X-C) 2. 1.27 fibo inversion (B-C point) 3. RSI overbaught Just for reminder guys, the stops must be above X point..extended targets?yeah, why not...
+++ Don't forget to LIKE & Follow+++The bullish moves seems to be losing some steam - after the NSH price is moving lower. Thanks to the recent move, there is a potential Bearish Cypher Formation - that will be a nice counter trend opportunity. Targets are conventional but if all is aligned the right way there is another potential pattern - Bullish Bat Formation...
HELLO! HERE WE MIGHT SEE A BEARISH CYPHER PATTERN THAT IS VERY NEAR TO COMPLETION. GOOD TRADING!
Market is putting a series of Lower Low Lower Closes so we are in a bearish trend, right? I'm looking for a potential cypher pattern on 15 M(you can see it better on 5M chart), that is aligned with the underling trend(blue lines). I will be targeting retest of A leg for 1st position. For my second position I will target next structure level and I will trailing...
I have several trades on my radar today . I'm gonna present to you one of my favorites - Cypher Formation. This week USDJPY is friendly with me giving us another Cypher - we got 2 winning cypher, I hope we will get another one. Look left and you will see nice bearish trend - so I'm only looking for hopping into bearish trend. While I'm waiting price formed a...
So there are two trades here 1) Breakout trade in Triangle pattern (Short) 2) Bullish Cypher Pattern ( Long) 3) If entering breakout, then we can expect targets around Cypher completion Waiting for breakout of descending triangle if that happens our cypher formation gets completed Happy Trading !
Potential Bearish Cypher formation with confluence of Fibonacci levels.
Hi ! Here we might see a nice Bearish cypher Pattern Completing. Good Trading!
1.27 B to D leg ,1.27 ABCD in D leg and this flag makes me take this trade to finish my trading week .CAD yesterday was so strong so it's time the bears take the lead.
Hi there! Here we might see a possible Bearish cypher pattern setting up on the AUDUSD H1. Good Trading!
Bearish cypher pattern in an underlying balanced market
REASON FOR BIAS - BEARISH CYPHER PATTERN - DESCENDING TRIANGLE - PRICE TRADING BELOW DIAGONAL RESISTANCE
cypher pattern was completed. two targets short setup.
2 potential advanced patterns completing close to each other, both indicating a possible bearish move