Hi there, In the comments below I will share a link where you can watch a video which i just did and discuss these patterns with you
This is adding to my idea (previously posted). If that fails then price may fall further to breach the bottom channel at which point the X leg for this Bull Cypher patterns sits right at the a major support line on the Daily Chart (please scroll back). When channels are breached price usually goes to retest the breached level and this is where you would take your...
originally found this on the 5min chart couldn't post from there so went to 15 if your looking for a reason to get long this pattern here's a chance good luck
After catching a pain free 2 target winner on our Bear Cypher pattern from last nights video we're now seeing price continue to roll down setting up 2 new potential advanced pattern setups. In Green is a potential Bullish Gartley pattern and in Blue is a potential Bullish Cypher Pattern. Akil Stokes Chief Currency Analyst & Head Trading...
I'm actually short on this pair already, but there are 2 potential bullish patterns Gartley entry @ .7015 Cypher entry @ .6966 Good Luck
This is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times. Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top. Keep an eye on RSI as it may show divergence by the time...
So as I mentioned in my 4hr chart if we break through previous resistance where could we see the pair go? Taking a step back to the Daily chart and looking at the bigger picture, again there is a possible Bullish cypher being formed. If we break resistance we could see a rise up to some great levels and once again this would be right in the overbought area of...
Risk To Reward for 1st Target = 1 : 0.88 Trade in direction of trend. There are 2 Bull cyphers here, sorry I didn't put the 2nd one in but the X leg for that one is 1.01103 and A leg is at 1.02229.
We all know from recent news that ENGINERSIN is oversubscribed by more than twice with Government's recent disinvestment plan. This is Fundamental News,Lets see how we are going to convert this fundamental news into a Valid Buying Opportunity with Technical Analysis. Article Here : www.thehindubusinessline.com 1) Bullish Cypher Pattern completion 2) Double...
A straight forward C to D leg Possible here. In teh oversold area of the RSI, and in an area of previous support which saw the pair drop. Point D will see us down in a previous level of support
if your looking for a reason to get long, here's a good reason potential bullish cypher entry @ 1.4268
Gold is setting up a potential bullish cypher with completion at 1082.50$ FOMC statement later today, so the expected volatility may complete the pattern. Stops and targets on chart.
So looking at this pair there is potential to see us have a harmonic leg up to point C of the cypher which has shown previous resistance and seen the pair drop, this woudl also take us into the over sold area of the RSI. will wait for confirmation
So looking at the 30 min time frame and hour we can see that this Doji formed which could see us move down, this would also take us down into the oversold area on the RSI. Completion of Point D see us down at a previous point of resistance which could act as support. The targets of .382 and .618 if the pattern completes would see us meet previous resistance levels
Perfect CYPHER Pattern has formed in AUDNZD H4 chart. Good opportunity for long position,holding it until about 61.8 fib level of CD leg,then depending on the market locking the profit or holding for bigger profits.
This week GOLD gave us nice trading opportunity - a Bearish Cypher Pattern that hit 1st target, and we can expect another Cypher from the Gold. I'm looking at a potential Bullish Cypher Pattern , so those of you who go for extended target, they can shoot 2nd target of the Bearish Target to be at the Entry Level of the Potential Bullish Cypher on 4H. Good...
USDCAD has been in a MAJOR UPTREND for many months now. We have a Bull Cyhper coming into a lower support level. It has 100+ Pips of Risk so bear this in mind. Entry - Bull Cypher Stops - 1 ATR Below Support Level Target #1 - Retest of Highs Target #2 - 1.27% & 1.618% Fib Extension
Hello Traders, Here we got a quick trade setup on FX:NZDCAD on 15 mins chart.. The Bullish Cypher Pattern has already been completed within the consolidation zone, now just waiting for the market to retrace back to the entry point (78.6% Fib level). Stops and targets are posted on the chart above. NOTE #1: We just got our entry triggered on the retest...