Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly...
potential long opportunity on EUR/JPY bouncing off strong support level of 125.00 (+MACD divergence) with a short opportunity at cypher pattern CD leg completion
Hello Traders, Just like in NZDCAD pair, we have a bearish cypher pattern completed on AUDNZD pair. Since these 2 pairs are negatively correlated, we got two opposite trading opportunities in them. I published both setups, so that you guys can choose either or both of the setups if you have these pairs in your portfolios watch list. Market is currently...
RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4100 and support at the level of...
Hello Traders, Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a...
So in my previous Idea I though we had a double bottom form and the potential for a rise, we have now broken structure so Im now looking at the bigger picture and trend continuation
SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3997 and support at the level of 1.3883. If it breaks its...
There's a bearish Cypher forming on AUDCAD 4H in the direction of the 4H trend. Always conduct your own analysis before entering a trade.
Potential Bearish Cypher Pattern on the Hourly Chart completing at 7184. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Following up on yesterday's idea, IF this market continues to rally (which is what we're hoping for) we're looking at a potential bearish cypher completing at the 1.46 even handle. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can...
SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3980 and support at the level of 1.3840. If it breaks its...
Reasons to sell: Bear Cypher Strong Resistance (Purple Line) Trend (Recent) continuation downwards Things to consider: The Bear Gartley (in yellow) which is also 1.618 Fibonacci of the double bottom and around there it will also become a double top thus putting the Bear Gartley into play. Strong support (bottom purple line) Let us see what happens! Good luck and...
Hi there, In the comments below I will share a link where you can watch a video which i just did and discuss these patterns with you
EURCAD is forming bearish Gartley and bearish Cypher patterns. D points are the same for both of the patterns so probability of price turning at D is high. X point is at retest of structure. I´m looking for a trend continuation trade to downside. Click like if you like!
On the EUR. JPY Daily chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is large as we are looking at a daily chart. PRZ - 134.622 & 136.672 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the daily Cypher...
4 Days Ago I posted this up and as I predicted we came down and touched previous support 3 times, which bodes well for a rise up to Point D of the Cypher I will look and see how the market opens and look to take a long position to point D Good risk reward as well
I feel if we can see a candle close below the previous support we could see a further drop to point C which is the next strong structure support, it will also take us into the oversold area of the RSI. From here once I have confiramtion I will look to go long to point D of the Cypher