This long trade may take a while to set-up and it may never come into fruition. However, if price does reach point D of the Cypher pattern shown on the chart, then we have a play. I don't see a lot of structural support for the trade (not too much horizontal price support at point D), but I still see it as an attractive trade since I'm bullish on gold in the...
Here we have a Bullish Cypher Pattern that has completed on the EURCAD 4H chart. Stops below "X" and first target at 0.382
With a valid C leg complete, I am now looking for price action to make a 786 retracement from the XC leg to form a valid D leg completion.
Potential Bullish Cypher on 1 hour chart. Pair is currently on a downtrend (daily chart) but has not put any new structure lows. We might be looking at a shift in trend. Risk Reward ratio is too high (almost 100 pips). More conservative entries could be located somewhere between X and D in order to reduce the risk a little.
Potential bullish Cypher formation on 1 hour chart. D completion is not giving a 1:1 risk reward ratio. You might wanna follow what price does once it enters the yellow zone in the chart. Look for a better reason to enter on this trade (double bottom, higher high and close candle, etc).
usd/chf long term trade entry: .96363 TP1: .97736 TP2: .98593 SL: .94984
Hi Traders, There is a bullish cypher pattern with a D leg completion at $41.90. This trade has been on my radar for a while now and it finally looks likely to complete. Trade details: Entry: $41.95 Stop: $38.90 Target 1: $45.55 Target 2: $47.95 The method I used to trade this type of setup is very simple. 1) Identify pattern 2) Place a pending order a few...
Price on daily support , bullish cypher pattern formed.
Bullish Cypher Formation completed on the NZDUSD 4 Hour chart. Stops below "X" and TP at 0.618
I just put out a video on how you can bracket the market using advanced patterns. I also cover how to be 2 steps ahead of the market if and when one of the patterns gets filled. Here on the USDCAD chart, we have a bearish bat pattern (Blue) set to complete at 1.32939. At minimum stops need to be above the X-Leg at 1.33126. I will personally be using an ATR based...
Cypher completes if price reaches D without invalidating the pattern (trading above 1.414 of XA). Thanks for playing :)
Yes we have a valid bullish cypher, this time we are looking at USD/HKD on a 4h chart with a simple buying opportunity. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 REMEMBER: Trade at your own risk, exotic currency pairs can be extremely volatile. Do you want more trading inspiration? Connect with me...
buy @ 1116.86 I guess we can get there by December due to US rate hike fears and then turn back up after it happened - or even more if the rate hike won't happen :) But that's just fundamentals, right?..
Cypher numbers look acceptable as far as Bullish Gartley is concerned. Be prudent with MSTX. With a stake myself, I should also mention I am actually BEARISH atm. I don't have a good feeling (about my stake). But as far as technicals are concerned, maybe hope can be found between the 1.21-1.418 extension IF this is a bullish Gartley
Gold Interesting Discovery Today I look at the weekly chart of gold. and I suddently realize that Gold may form this potential Cypher Pattern in a long run Lots of people asking me: JACK,what is your view for GOLD, should I buy it now? I will use this chart to tell them: Best Buying Level will be 1116.60 The completion time will be some where in 2017...
buy @ 12.20 which is the D-completion of this bullish cypher pattern (please note: this idea refers to the CHXEUR:UBSGZ shares on the Swiss stocks exchange)