Anything could happen when it comes to trading, I will sell this pair @ 0.7836 ( 3 harmonic patterns merging towards same area which is hitting previous support & resistance level and close to channel resistance.) Also selling zone that i mentioned here is 61.8 % retracement of previous high. Have a nice weekend! Bel-Air Trades
Here are two possible patterns (Cypher in orange and Bat in purple) to get in the downtrend. Prices of entry are specified on the chart, stops would have to be about 5 to 10 pips above the X point and targets on key structure levels. Happy trading everyone!
For over two weeks the Elite Zone members had to wait for the bullish Cypher pattern to do its thing. Yesterday, the waiting paid off. 20% gains in this daily setup
Everybody knows that dollar Index bullish. we want to sell all the pairs against dollar, here is my view for selling kiwi pair. I will sell this pair around 0.7944 area SL - 0.8050. If price failed to reach there I will sell (bat retracement) @ 0.7700 area SL - 0.7850. let's see how market react this levels
Many of you that follow me are aware that I've been testing out a new theory on the Cypher pattern. In fact i initially had 2 theories that I wanted to test but after speaking to the creator we decided to focus on the one. I'm months away from completing this testing since free time is hard to find these days with the new born and all, but this is the first...
Almost similar to the EURAUD, we have a Cypher setup in confluence with the downtrend as well. Cheers, KY Head Trader FX Pipsology If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Almost everything @ final leg... which one you will trade and please share the idea why you trade? So everyone can learn some new techniques Here is my idea : I will sell this pair between 0.7812 - 0.7839 if i get a bearish divergence in RSI. If RSI make higher high I will wait for the price to reach @ 0.7900 to complete the Gartley Happy Holidays! Bel-AIr Trades
Double top formed at 1.236 Extension of AB, Previous resistance should become support between 0.96802 - 0.97191 which is 50% to 61.8 % of CD leg. If i get stopped out, I will buy @ 0.9472 (Cypher Pattern) There is a possible butterfly pattern. Post the chart @ comment box if you find. Happy Holidays! Bel-Air Trades.
Twas the night before Christmas, no time for the charts, every trader was searching for pudding and tarts, For hot buttered rum and some creamy eggnog, and that YouTube vid with the High Def yule log. But while they're all lounging or curled up in beds, with visions of dividends dancing in their heads, The trick ninja traders are scoping the scene and figuring...
Short opportunity based on cypher pattern, target one being .382 retrace and target 2 @ .618 retrace. Stop loss above Dec 7th high.
Potential Bearish Cypher Pattern forming on Monthly chart. Wait for the D point completion at 78.6% level. The market is currently overbought near the D point completion and we see a resistance zone (marked by pink dashed lines). Stops can go 10 to 20 pips above the X point. We also obtain 78.6% and 161.8% ratio confluence by doing Fibonacci inversion. Keep in...
Potential Bearish Cypher Pattern forming on 4 hour chart. Wait for the D point completion at 78.6% level. We might also look for the market to be overbought near the D point completion or for some type of resistance zone. Stops can go 10 to 20 pips above the X point. Trade setup: 1. Choose position size lot based on your preference 2. Short at 78.6% retracement...
Potential bearish cypher pattern forming on 4 hour chart, with market currently at 78.6% retracement of XC leg. Also there is a good resistance zone, on 4 hour chart, from 1.57348 to 1.57203 (marked by solid red lines). Probably look for little bit extra conformation before jumping into the trade. Trade Setup: 1. Use your trade management for the lot size 2....
If you missed the weekly harmonic pattern posted few weeks ago in the Weekly Markets Analysis newsletter, it is time to put it on your analysis table - Major reversal today after Draghi's speech. Weekly candle looking good right now but we still have NFP tomorrow. Monitor this PRZ Subscribe to the free Weekly Markets Analysis newsletter - WWW.THEMARKETZONE.NET
Bullish Cypher pattern (weekly) completed today in the $EURUSD just a day before the Draghi's show tomorrow. Will Draghi continue to beat down the already beaten EUR or will the EUR rise like a phoenix after Draghi will disappoint everyone's expectations of Euro Zone's QE? The next weekly support levels are 1.238 and 1.228.
OK I MUST START BY SAYING THAT WHEN A CHART IS POSTED BY ANYONE WITH A PARTICULAR TARGET, IT IS BASED ON THE REVERSAL POINT THAT WAS SET PRIOR. SO IF I SET MY REVERSAL TO 5 ON A SHORT WITH A 61.8 TARGET, AND THE MARKET GOES FURTHER DOWN TO 3, YOU MUST BE SMART ENOUGH TO KNOW THAT YOU MUST ADJUST YOUR RETRACEMENT TOOL TO 3 TO GET A MORE ACCURATE TARGET. IF YOU ARE...
Pros: 1 - Bearish Cypher Pattern (Red formation); 2 - RSI almost in overbought conditions; 3 - It is expected a retrace in the Golden SMA to trigger the move to the downside. Cons: 1 - Breakout of the support area (Orange Square).