Hi there! Here we might see a possible Bullish Cypher pattern setting up. In the comments below I will share with you a Link where I teach you how to trade the Cypher Pattern. Best Regards, Errol Muller
Hello, In the comments below is a video to my YouTube video where I share with you how to trade the Cypher Pattern. Best regards, Errol Muller
POTENTIAL BULLISH GARTLEY PATTERN COMBINED WITH STRUCTURE
Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading 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 I'll be expecting price to stall out around our D point, completing the pattern then a sharp move to the...
Hello Traders, Good to be back after a while. Looking at gold here and we are seeing 2 really well defined bullish harmonic patterns formed right near the previous structure support. First, we have the bullish Cypher pattern , which is very close to being complete. Notice that the D leg is below the B point, which keeps the pattern valid. Second, we have the ...
It's been a week since I've found anything to trade on the Euro, but maybe that will change soon as I have 2 potential buying opportunities on my radar heading into today's trading day. Still in consolidation I'm not predicting any type of continuation move, rather I'm looking for previous support and resistance levels that I can take advantage of as this market...
Last week I shared with you a video of a prediction made on the GBPUSD and what you could be looking for if you didn't get involved at the original entry. Well we never got the double bottom, however there is now a chance that we could see an advanced pattern formation complete in that same area. The three ways to attack this trade would be A) Strictly trade...
Today we are looking at GBP/USD on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading 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 I'll be expecting price to stall out around our D point, completing the pattern then a sharp move to the upside!
Bullish Cypher Spotted @ 125.68
Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this looks very promising and it has an amazing risk:reward. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 As you can see from previous price movement our pair has been trading within a confined area, I'll be expecting...
As with my other Ideas about a possible double top forming on teh daily and a 618 on teh Monthly forming. Looking at the 4hr we do seem to have a cypher in progress. Point C will fall in line with pervious resistance (The Double Top on the Daily) And then point D falls right in line with previous support which has seen us bounce up.
As you can see the cypher completed today. Risk to reward for the 1 target is alright. Hopefully this can help you! Cya
still a ways to go...but entry would be @ 160.46 just a heads up there's well over 100 pips of risk so make sure that fits into your trading plan good luck
Buy @0.6450 TP @0.6600 SL @0.6405 Good luck!
15th post FX:CADJPY Any comments and suggestions are welcome. Potential Cypher Pattern forming on the 1h charts. If we get a D leg, it could setup for a nice trade.