Hi traders, Bearish Cypher on the 1H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high. An entry right as soon as the pattern fires is also possible, but further price action knowledge is required...
Bearish Cypher Pattern Completes at 1.4195.. Sell at 1.4195 with stop 1.4250 and profit targetrs at 1.4120 and 1.4090
Hello Guys. Here we looking for a cypher pattern to short. We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam. We broke Down Again, and make the B leg, on the cypher. ( LH) After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg). Now we will wait for the D leg to...
Hello. Here we go. We just got a decline off the cypher bullish pattern. Here we looking for a bearish market, we broke under 4 supports zone. Targets 1: 0.72415 Targets 2: 0.72078 Stop loss: 0.73503.
After yesterday's post-FOMC Dollar slump, the GBPUSD could be setting up for this Bearish Cypher. It's a LOW PROBABILITY set-up, so I won't be placing any trades unless we see a definitive bearish candle within the next few days. Price action is now testing areas of supply, but retail sentiment is still short which indicates that price might continue to climb.
Had to do a bit of research on this one. I could tell this wasn't a Gartley pattern by the lack of length on the left leg (X-A). But it -is- a Bearish cypher. The retracement levels beyond 1 have been adjusted beyond to measure the amount beyond 1 the 2nd leg matches the retracement from XA. It's within the median of the requirements exactly... and the rest of...
Hello. Here we have a Cypher pattern bearish, on the 1 hour. we just need a complete on the D leg: 1324.871. Target 1: 1319.106 Target 2:1315.511 Stop loss: 1329.001. RSI: 40
Descending broadening wedge breakout - target top of the wedge Alternatively, falling wedge breakout - indicating expected failure to reach the said top Potential bearish Cypher formation - highlighting resistance on the way to even falling wedge target In nutshell, not going to be an easy ride to top!
The extension of the BCLeg is a few pips over the limit but I think that this slighly invalid Bear Cypher will perform just as well as the others since crypto is highly accurate. Take profits to structural levels.
As the title says, smaller Bearish Cypher Pattern setup @ 1.4083. Will be interesting to see whether this could form part of the move down to the pattern of my previous post, should hopefully be revealed in the next trading week! As always! This is not an endorsement to trade, this is just my (humble) opinion. Trade at your own risk! Good luck in the markets!
It's been a busy week of charting so far, and now I'm looking at a potential bearish cypher on the 1 hour chart. You can see from my analysis of the daily chart below that price has begun to test resistance at the high before the X point- meanwhile price has recently made consistent higher highs and higher lows. However after the recent re-test of the high at our...
This is exactly what the BTCUSD 1 day chart looks like but it took longer to complete. The mania of ether started after that of bitcoin and followed closely in its steps. In addition the tops are forming with perfect Fibonacci ratios, almost exactly like btc. I would be shorting this back to 800-900$ for the next couple of weeks at least
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