Xabcd
Bearish Cypher on EUR/USD (1 Hour chart)Cypher Pattern
32,8 Fib Retracement
Confluence of 141,8 and FIB extension and 161,8 Fib Inversion
RSI overbought
AB=CD movement
Be aware we have a Inverted Head and Shoulder Pattern so we can expect only a pull back to 32,8 Fib of the last movement (Orange Zone)
gold/silver short MUST SEE!!!!On the gold/silver chart, I see price follow a consolidation period. Price seems to have reached resistance zone while creating a xabcd pattern followed by a rising wedge/pennant depending on how you see it.
waiting for price to break out of that pattern so I can enter. Looking for entries on the 4hr/1hr timeframe.
safe trade guys.
GBP/USD 4H Bearish butterfly pattern @ 1.34545Pair is currently approaching a major structure level that has worked as good support and resistance level number of times in the past. Bearish butterfly that is potentially forming now, completes right at that level providing a nice shorting opportunity. RSI shuld be overbought at completion of the pattern to confirm sell signal. ATR based stops above the 1.618 fib extension of XA leg.
I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :)
Trade your plan and good luck in the markets!
Possible Bullish Cypher on USD/CHFPossible Bullish Cypher on USD/CHF (for me the the most annoying pair)
Cypher Harmonic Pattern
AB=CD movement
161,8% fib extension
50% fib retracement level
On the day chart price is approaching the 200 EMA
EUR/USD negative correlation with USD/CHF is approaching the 1.1450 price, we can expect a pull back to.