JNJ 60 Min Bullish Cypher Pattern - Long Setup
Bullish Cypher has been detected on JNJ 60 Min.
Price bounced several times about 141.95
Enter LONG JNJ at @ 142.7 with a stop loss going at @ 141.0. The first target is at @ 144.5 and the second target is at @ 146.20.
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Happy to sell at the firstname.lastname@example.org with 2nd Gartley on 7th Nov 2018. Potential Bullish Cypher next if 1.1335 -1.1355 zone holds as support which is PRZ (Potential Reversal Zone) of Cypher Pattern
Target 1 zone - 1.1445 -1.1450
Target 2 - 1.1500 (Top of the Pattern)
Target 3 - 1.1600 - 1.1625 (Valid only if holds above 1.1500 mark)
Bullish Cypher Criteria
The B point retracement: 0.382 and 0.618 of XA,
The C point retracement: 1.272 to 1.414 of XA,
The D point retracement: 0.786 of XC
Overview & Summary
TP 1: 1.14239 based on 0.618 fibonacci retracement ( Short Term Target)
Risk to Reward 1:2
Support at 1.1300 (from 15 Aug 2018 - 1 Nov 2018)
Appears to be a channel between 1.13...
The 1-hour chart has formed a Head and shoulder.
The pair has made a strong bearish move and is currently trading around a strong support zone.
In due process, the pair has also formed bullish cypher pattern and bullish bat pattern, which are indications for a trend reversal.
Hence, we expect the pair to make a bullish move from here.
Please Refer to my earlier analysis of the GBPUSD. This Bullish cypher is an extra Confluence factor contributing to the potential upside breakout of GBPUSD
This is not a trade signal but just an analysis presented for some of you see. A potential trade...
Gold breaks below the fractal – support at 1251.
Tested 1247.08 MM -1/8 overshoot in H1 Chart. Trying to close above 1251.
1251 is a nice buying level for midterm purposes.
If it can not make H1 closing above 1251, it is likely to test 1242.18 Fibonacci 78.6% of XA Impulse.
We plan to enter LONG as shown in the chart.
Entry Alerts would be sent to Premium...
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