gartley: buy @16.740 cypher: buy @16.294
buy @ 0.96949 it might be a bit early to look at this since C is still forming at the moment but markets can turn upside-down in a matter of seconds so better be prepared!
buy @1022.11 This is also a nice alterntive for traders who are worried about USD strength as usually Gold suffers when USD gets strong. Not with this pair, at least to a less extent.
buy @ 12.90
The yellow rectangle is the feasible region of the C-leg. Position is long if pattern is completed.
Hey traders, i'm already involved in a USDCAD trade, but for educational purpose i want to share with you this setup in lower timeframe. As you can see in 4hr chart, we broke and closed below X, that invalidates our previous pattern (even though we're still in that trade) giving us reason to believe price is heading lower. Considering that, i search for selling...
There is a Bullish Bat and a Bullish Cypher pattern with D leg completions in a very similar area on AUDUSD H1 timeframe. Both patterns will complete just below 0.74. Fibonacci levels have been left off the chart are it would be very confusing and overlapping with 2 patterns so close together. Bullish Cypher Entry: 0.73990 Stop: 0.73600 Target 1:...
There is a BULLISH CYPHER pattern on AUDUSD, H1 timeframe. Entry: 0.73990 Stop: 0.73600 Target 1: 0.74340 Target 2: 0.74570 To understand how these points are identified, all the key fibonacci levels have been left on the chart. Luke
So I have been doing a HUGE backtest on Cypher patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk...
Hi Trader, We have a bullish Cypher Pattern setting up on AUDUSD with D leg completion at 0.73510. See below for trade details. I have marked the key Fibonacci levels in yellow for your reference. Entry: 0.73540 Stop: 0.73080 Target 1: 0.74050 Target 2: 0.74400 If you have any questions let me know. Good trading, Luke
Hi Trader, Here we have a bullish cypher pattern with d completion at 1.05540. I have my orders in ready to go. Read below to find the trade details and a step-by-step process of how you can trade the cypher pattern. Entry: 1.05550 Stop: 1.05080 Target 1: 1.06010 Target 2: 1.06310 1) Identify the X leg by looking for an 'impulse', or in other words a strong...
buy @1.44818 Nice weekly support (red line) protecting us from lower prices.
buy @$60.34 strong weekly support at X price level.
buy @$38.82 right below X we have strong weekly support offering downside protection (red line)
long @ £578.08 It could be advisable to enter in two positions, the 2nd one entering near the weekly support around £500 near X. This is also where we have solid downside protection.
Wow this is huge, after posting my analysis 2 days ago regarding a breakout on the daily chart today I have found a position correlating with the key reversal level. My previous analysis for NZD/USD is shown below: All-round the setup looks promising, our D leg is just off the 1.272 but I feel this a is an excellent buying opportunity, one that I will be...