entry @ 1.5935
don't forget this pair has an enormous ATR, make sure you can handle that big of a risk before putting in this trade.
There is also a potential bear cypher on the 4HR chart. I'll post that in another post.
Good Luck!!!
any comments, likes, good or bad are welcome
Continuing on last nights GBPUSD discussion we now have both a potential bullish Cypher and bullish gartley pattern setting up at our previous level of resistance turned support.
Akil Stokes
Chief Currency Analyst & Trading Coach
www.TradeEmpowered.com
Make sure you head over to youtube (search "Akil Stokes") and check out my most recent Weekend Review...
I'm looking for a continuation lower on this pair finally after the recent impulse down that broke through the long term channel. The potential Cypher pattern just adds more confluence and increases the odds of more selling as we move toward the D leg completion!
400+ pips to D leg completion...Good luck!!!
KEEP THE RADARS UP!!!
EURGBP has produced a bullish cypher pattern in addition to a number of other bullish signals. The PRZ of the cypher lies at a major support trendline (see chart below). A bullish Wolfe wave setup has been completed in the same area. Bullish RSI divergence is present and is also oversold at the PRZ. To add to the bullish bias, an unhit cluster of pivots sits...
Happy Friday traders! Just wanted to share a few potential advanced patterns to keep an eye on heading into next trading week. I no longer have this pair in my portfolio, so I won't be able to participate but it's still one of my favorite pairs to do analysis on since it's been offering a massive amount of opportunities this trading year.
Akil Stokes
Chief...
This will probably take a while to complete so just something for the radar and for those considering more possible selling for now while this Bull Cypher completes!
200+ pips to upside target
100+ pips to D leg completion...Good Luck!
KEEP THE RADARS UP!!!
Looking at a potential Bullish Cypher Pattern here on the $USDJPY. Normally I would tell you that this particular pattern is coming in at a nice level of previous structure support, but with the Yen being trapped within this consolidation area since late August, I don’t think it makes much of a difference.
If you didn’t get a chance to hear is yesterday check...
Earlier in the week I shared with you my idea for a potential bullish Cypher pattern here on the USDJPY and as you can see price action has yet to reach the “D” completion point. In Tuesday’s Live Trading Room session we were able to capture some profit on a long entry as the market retested the Cypher “B” leg and now price action looks to be retesting that zone...
Looking for potential Cypher Pattern completion at 1.13387. Putting stops 20 pips above X at 1.13827. Target 1 & 2 at .382 & .618 Fibonachi retracement. 2.59 risk/reward at T2. Rolling stops to break even if we hit T1. Don’t forget to add a little cushion for the spread. Plan your trade and trade your plan.
HI ALL,
We might see a Bullish Cypher pattern setup here.
We need to see a D leg Completion at a 0.786% for it to complete.
Stops above X leg
TGT 1 0.382
TGT2 0.618%
Best of luck :)
HEY ALL,
We are very close to seeing a Bullish Cypher pattern completion.
Looks like we just missed the Bat pattern in Yellow, or it might still be setting up, we never know ;)
Stops below the X leg of the Cypher pattern.
TGT1 0382%
TGT2 0.618%
Good Luck!!
Here we are looking at 4 different type of patterns of which we have a Bearish Bat and Cypher pattern that completed and then we have 2 Bullish patterns Gartley and a Cypher pattern setting up.
I could not draw in all the Fib. Retracements and Extensions due to it cluttering up my chart.
Hope there is something on here that you guys did not see.
Happy trading people ;)
Alright traders! This is the weekly chart of EURUSD. And i see a massive bullish cypher forming. This bullish cypher is about as big as it could possibly get.
Long EURUSD 1.2460-70
SL below 1.2400
TP 1.2700
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www.ForexPositive.com
Twitter @ForexPositive
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Alright traders! This is the weekly chart of EURUSD. And i see a massive bullish cypher forming. This bullish cypher is about as big as it could possibly get.
Long EURUSD 1.2460-70
SL below 1.2400
TP 1.2700
=====
www.ForexPositive.com
Twitter @ForexPositive
=====
