NZDUSD price action has broken the purple tredline and heading towards a strong support level. It also appears to be forming the right shoulder of a H&S pattern with a trendline at another major support level Sell now and take profit at the First TP shown in the graph. There will be retracements along the way until the trendline
Waiting for price action to meet the D leg, and will long from there. Cypher Rules B = 38.2-50% of the X-A retracement C = 1.272-1.414% of the XAX retracement D = 78.6% of the X-C retracement TP at 38.2% and 61.8% Fib retracements of C-D Note: If price goes beyond $70, then the trade setup will be invalid.
*Only trade or buy/sell at the breakout* We may have a Potential long term Cypher unfolding on BTCUSD -2.17% Option A) If BTC -2.17% breaks up above the blue trendline it will be a short-term retracement back to 38.6% and likely fall to $4K Option B) However, if it doesn't break above the blue trendline , it will descend to the $4K mark. If it hits $4k,...
Not too sure how low XRP is going at the moment, but I am looking at two options, and will trade either depending on how it behaves once it breaks out of the 1. Descending triangle , 2. Blue support and resistance trendlines or 3. Fibonacci level 78.6%. Trade the breakout only
Shorting USDJPY 1. The circled 'Shooting Star candlestick' shows that Price was rejected where the 88.6% Fib and 50 EMA lines cross 2. This rejection was also in a major resistance zone 3. A retest occurred on the 18th April which failed to go break the resistance zone So we can Sell to the $105.86 area which acts as strong support on the 38.6% Fib Aim for the...
1. Ranging market trading sideways in a consolidation 2. Last leg up failed to hit resistance and has now broken the blue trendline and hit support 3. It retraced back towards trendline and failed to continue its rally TP1 at next level up support which is a 50% Fib TP2 at next 78% Fib
Shorting USDCAD 1 - Bear flag broken support line 2 - Failed double top at resistance zone 3 - Broken support once 4 - Retracement failed to hit resistance for the 3rd time 5 - Retracement has broken its uptrend line Therefore, shorting to next support - aiming for 70+ pips
Buy on the breakout of the cup lip and take profit at 68.1% Fibonacci level
Not too sure how low XRP is going at the moment, but I am looking at two options, and will trade either depending on how it behaves once it breaks out of the 1. Descending triangle , 2. Blue support and resistance trendlines or 3. Fibonacci level 78.6%. Trade the breakout only
**always remember to buy on breakouts** Having near 100% accurately forecasted litecoin to hit $120 , I am taking another stab at where next it will go... Good trading opportunity for traders and investors coming up. 1 day timeframe - Forecasted Lowest dip for a good buy - $30 - Forecasted highest rally on D leg of cypher for a good profit-...
'm bearish on oil because 1. Elliot Waves: On the 4H, It has completed the 5 Elliot waves. It's currently in the C wave of the ABC cycle. 2. Triangles: I've also used the Descending triangle to show the current downtrend in the C correction 3. Fibonnaci retracements - link up well with the Support and Resistance lines of the retracement I'm betting on it going...
My first Idea - I'm bearish on oil because 1. Elliot Waves: On the 4H, It has completed the 5 Elliot waves. It's currently in the C wave of the ABC cycle. 2. Triangles: I've also used the Descending triangle to show the current downtrend in the C correction 3. Fibonnaci retracements - link up well with the Support and Resistance lines of the retracement I'm...
Cypher - accurate cypher formation formed from A-B and B-C. If it goes up and targets leg D, then this is even confirms the cypher as strong Will open a short on leg D, targeting TP1 and TP2 ONLY if the blue trendline is not broken up creating a new Higher High
Learning to apply the Cypher technique - hope this isn't a hot mess eventually. Testing testing 1, 2, 3
Waiting for the retest around at the 200MA which is a confluence zone. Buy when price breaks out the blue trendline above the cup. Aiming for profits at the 78% retracement or 61% if short term pip chasing.
learning to trade using the cypher technique- need to use this as reference. second wave on the right probably doesn't need to be in existence but lets see
Cypher aiming for a buy opportunity - Wait for the dip to complete at the D leg, then Go long from there and take profit at the 0.618 and 0.382fib levels.
Head and shoulders looking to complete. Long to Fib 50%. 20 pips