We are looking at bullish cypher pattern which is yet to complete. Once it gets completed I will be initiating Long positions in USDCAD Lets see how this works out. Hit thumbs up if you agree... Comment if you have any other views on this.... Happy Trading !
Short and simple, I'm looking for a potential Bulish Cypher Pattern on the $EURUSD. Aside form that I don't have too much on my radar thus far going into today's Live Trading Room session. $EURJPY is the only other pair that I have orders on aside from yesterday's $USDCAD long. THURSDAY is our big day, not only do we have my usual Weekend Review Video coming out....
With the Cypher formation and EURUSD still below the entry levels of Bullish Cypher, we can go long if our Risk :Reward plan gives us chance. Check ur Plan & trade :)
Can someone explain or tell me why the Fibonacci Retracement at 78.6% is 200 points lower than the 78.6% retracement for the Cypher pattern. I am new to this Harmonic trading patterns so a comment or two would be very appreciated. Thank you and with that being said I see the market finding support at this level and rallying over the next few days.
There are potentially two patterns forming in USDCAD, bullish Bat and bullish Cypher. Cypher will be completed at very interesting price level that worked as resistance earlier. Now that price has moved through that resistance we can assume that this level will be a new support level and price will test it before moving higher again. More aggressive trader...
It's been a very slow week for Jason Stapleton & the Trend Continuation side of the Syndicate, yet a very busy week for those who trade advanced patterns. The majority of advanced patterns are formed when the market is in what we like to call "Structured Consolidation" and this week more than a handful of the pairs in my portfolio are doing so. I'm currently...
Simple pattern trade. Details in the chart.
New potential Cypher pattern is forming in AUDUSD after Gartley pattern that worked pretty good.
Hey traders we have a bullish Cypher setup here at 1.52850 and stops @ 1.51676 and take profits @ 1.54304
Bullish cypher pattern development, Buy @ D Point, SL below X, Target 0.382/0.618
This pair is in a such strong downtrend. Here's an idea on how to get involved, looking for continuation south. Still too early to take any actions. Just wait and see if price action will play out this ideal setup.
NZDUSD has entered the PRZ of two bullish harmonic patterns. The PRZ is supported by two weekly trendlines and a series of missed pivots sit above price which may help add to bullish bias as well. Divergence can be observed on both MACD and RSI oscillators, in addition to an oversold RSI. Entry is placed at the base of the PRZ with SL below the second weekly...
A nice bullish Cypher pattern is setting up on the USD-CHF on a 30 min timeframe. Entry below 0.786 fib lvl Set stoploss at least 20 pips below X. Pease comment and let me know what you think. Good luck trading !
I didn't plan on doing any analysis today but one of my training course clients shot this over the chat and well...can't pass up on a valid Cypher pattern. Here's to 2016, let's see I can pick up right where I left off. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Over the last week or so we have hit the a,b and c legs of a possible Bullish cypher. Looking at the RSI there is some bearish divergence. If this continues it should take us down to complete at point D and be in the oversold area of the RSI. There is a possible opportunity to get short down to the 0.67242 area. Would also be looking for an entry around this...
USDCAD has completed a bullish cypher in an area of strong support. Entry is placed at .786XA with SL at 1.13XA and target at .382CD. Confluence in the PRZ: .786XA 1.5BC Projection 2.382AB=CD
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Bullish Cypher is almost completed... Area for entry is on an ascending trendline that´s been tested a few times. Risk/reward to target 1 is 1:1, not exceptional but it´s OK because this is Cypher pattern. Cyphers are known to produce good result with high probability.