GBPAUD / CYPHER PATTERN
How to trade on this chart.
1. Watch lower time frame and watch for lower time frame correction look for that to break up and continue to push higher.
You can add more after having corrections.
2. Wait for my lower time frame updates.
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CHFJPY has been on a recent downtrend and has almost completed a bullish cypher. Upon pattern completion and confirmation of the bullish bias, I will go long. The take profit target is set at the 61.8 Fibonacci retracement level of the CD leg. Stop loss has the same number of pips as TP1. Tentative details are as follows:
Trade Setup: Possible Bullish ...
PA is pips away from D.
If it completes, I'll go to 1h and check for an entry reason... Large last 2 bars... (exhaustion?) so I want to check how the last one behaves in the zone.
Numbers look like:
TP1: 85.450 (1.36 RR)
TP2: 85.753 (2.20 RR)
Here's an opportunity to Long LTCUSD .So far LTCUSD is following A Bullish Cypher on 4h Time-Frame. It has Two Targets which are marked on the chart.So don't miss it.
3. Moving average 20, 50,100
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Hey traders, Here is a new trading idea. A cypher pattern is setting up on EURJPY H4, within a channel.
SL and conventional TP are displayed on the chart.
Don't forget to adjust the TP with the CD leg if the pattern is completed!