With price nearing the overhead resistance line, 3 red candles in the last 3 days & the probability of mean reversion to the Kijun-Sen line against the background of bearish current market sentiment, it would be interesting to see how this pattern will work out.
Hi Guys Recently ive been learning harmonics and this is a trade i came across that met the cypher pattern rules , if there are pattern trading gurus in here please could you review this trade.thanks
Currently selling this pair around the .786 fib 1.3130/50 SL just above 1.32 1st target 1.3015 2nd target 1.2950
getting ready to sell this pair around 1.3125/50 area or .786 @ 1.3131 SL 5 pips above 1.3200 1st targer 1.3015 2nd target will updating
After hitting my previous pattern long targets on the Cable, I'm not short based on this cypher pattern entry.
I believe this could be a Cypher Pattern on the 15 minute chart. the bluish zone was identified and drawn on the 15 minute as well. The green zone is from the hour. It is downtrending on the DAILY. It's not a lot of pips but if it works out, it is still a profit depending on what you risk.
USDJPY Bullish Cypher pattern forming Good luck
Even though last week has been a debacle (with some moments of recovering) for our green-bill currency; it seems we are going to have a recovering week ahead. By agreeing on several points of our checklist such as the back-testing of a daily support line, the formation of a geometrical cypher pattern, and our price action showing a perfect hammer candle on our...
I'm currently long EURUSD from end of last week, with entry from this Cypher pattern on the 240min chart. Looking for some EUR bulls going into the first week of the new quarter.
$xrp is working on a cypher consolidation pattern right now with the PRZ(price reversal zone) aligning with prior support level as well. To be traded only if the pattern completes and price shows signs of reversal around the D point, targeting the 0.382 and 0.618fibs as targets.
Pair: USD/JPY Poisition: SELL Pattern: Bullish Cypher Timeframe: H1 & H4
Possible Bullish Cypher on GBP/CAD
Possible formation of the cypher pattern for a good SHORT opportunity. Short term trade.
Here is a bullish cypher pattern. Entry, Targets, & Stop Loss: Entry = "D" Point Target 1 = 382 Retracement of CD Leg Target 2 = 618 Retracement of CD Leg Stop Loss = 10 pips BELOW "X" Point *Close out half position at Target 1 and move Stop Loss to Break Even for remainder of trade.
I think crude oil is in the completion zone of the Cypher pattern or if this pattern does not occur we should go to see shark pattern. also, I can see the inside bar when the price goes above the inside bar we can take a long position.
I will follow this possible situation on AUDNZD very closely on the next days. Long Traders - You have an Head and Shoulders pattern Short Traders - Possible bearish Cypher and Gartley Pattern