Long USDJPY. TP1,TP2 and SL are set based on Fibonacci ratios.
EUR/GBP We have a Bullish Cypher already completed, just Waiting for some type of confirmation inside the Blue Box.
BUY when price hits the PRZ with: TP#1 = 38.2% retrace of CD TP#2 = 61.8% retrace of CD
EUR pairs have taken a beating lately. NFP tomorrow may give it the right kick to reverse to the upside!! For EURCAD NFP News tomorrow could rocket price up and ignore the shoulder or we could expect resistance before the break back up to complete the right shoulder, respecting the trend. Remember to trade your plan www.babypips.com Follow @Bizlus
AUD/NZD RSI OVERBOUGHT RSI Divergence Between 50% and 61,8% Fib Resistance Cypher Pattern
a potential bull cypher advanced formation is setting up on gbpusd.
EUR/CAD Let's go for the second Bearish Cypher on EUR/CAD? Just waiting for a few more pips, and I already set an alarm.
a potential bear cypher is setting up.
Beware of the news over today and tomorrow - both NZD & USD However, we have a cypher! Point B - price retraced XA bw 0.382 & 0.618) Point C - then price extended XA, closed bw 1.272& 1.414 Point D - then price retraced XC down past 0.786 but above X 20 pips SL, two trades TP at .382 & 0.618 respectively LONG 70 pips total t > @bizlus
We've probed this trade a bit when it didn't find 50EMA support - LONG CYPHER? Point B formed when price retraced XC and closed past 0.382 & closed before 0.618 Point C formed when price extended XC and closed past 1.272 but not beyond 1.414 We have a valid CYPHER if point retraced XC down to the 0.786 region, in which case... Limit order at at ~ NZD...
So far we have valid Cypher points B (green fib) retraced XA crossed 0.383 but stayed below 0.62 C (pink fib) extension of XA leg crossed 1.217 but stayed above 1.41 If the D completion leg holds (yellow fib) XA retraces up to 0.718 level Then we're selling around $0.75606 with stop loss around $0.76200 Take Profit 1 ~ $0.75046 Take Profit 2 ~ $0.74700 t @bizlus
Fibonacci extensions XAB and XCD shows a very tight price target zone from 175.55 to 176.08 at 61.8% . Enjoy your profits.
On the 1H chart, market seems to be in consolidation at the moment. However, it has failed to breach previous structure, and that is suggesting that the market is in a bearish consolidation. Plus, there's also a potential bear Cypher pattern, with RSI in a bearish divergence, and if the Cypher pattern completes, there's a potential selling opportunity.
Very fine Cypher pattern in this danish bank. Good for a long position. Let me know your point of view, in the comment.
*Education ONLY - Do not trade half completed pattern formations! * Mixin n matching for pip collection Biased scenario: 1) You can see the Elliot leg 4 - 5 2) EMAs are in order - fast EMA20 above the slow EMA50 3) Fib AB retracement so far fits a cypher (yellow fib) AB = 0.38 < rXA < 0.68. That is AB retracement of XA is greater than .38 and less...
D is your Entry point. risk: 2% on your account balance (1% is better than 2%) Please, follow me on TradingView
Jet Airways Hourly Chart Scenario 1: Price is at 50% retract and demand zone, it can move up if candle closes above .618 retracement Scenario 2: If closes below 0.382 level then Jet Airways heading towards 665 - 670 levels to complete cypher pattern