AUDCAD - Bearish Cypher and Bullish BatPossible Bearish Cypher completion on its way.
Pair might also be pulling a Bullish Bat.
Bearish Cypher
GBPUSD: Bearish Cypher (Selling Opportunity)Hi Traders,
There is a bearish cypher set up on GBPUSD with D completion at 1.22790.
How I trade this setup:
Before entry:
1) I place my sell order a few pips below the D completion point (to cover the spread and ensure entry).
2) My order has a stop loss placed 10-15 pips above the X point.
3) My order has target set a few pips above the 61.8% retracement of the CD leg.
After entry:
4) If price reaches the 38.2% of the CD leg I close half of my position and move my stop loss to my entry point.
5) Do nothing, let the market either move down to my second target or up to take me out for breakeven on the second half of the position.
If you found this trading ide useful, please leave a like for comment, I appreciate the feedback and it motivates me to keep posting charts for you guys!
Good trading,
Luke
Morning Routine & AnalysisI just put out a video showing my analysis of my entire FX trading portfolio. It illustrates, how you can manage and swing trade a 6 pair portfolio while only needing to spend an hour or so on the computer doing analysis. Here is the link to the video. youtu.be
In the Video i also break down this potential setup on the GBPUSD. We have a bearish cypher pattern that will complete around 1.2278. Stops need to be above the X-leg and target 1 will be 1.22056 and target 2 1.21592. As always follow your rules for trading this pattern, if you trade them.
Good luck and good Trading.
EURGBP BEARISH CYPHER PATTERNIf price go up well and complete the pattern we see a cypher pattern.
HOPE IT WOULD HELPFUL!
AUDCAD advanced pattern shorting opportunites on 4H chartWe have a bearish cypher and a gartley pattern forming here. Sell cypher @1.01145 and sell gartley at 1.0081.
The cypher pattern has very strong resistance above X for stops (see higher time frame) which make it a great opportunity to sell. Furthermore, this gartley pattern has a great Risk/Reward ratio as D completes way up near X so stops will not be too far allowing us to enter with low risk.
AUDCAD Cypher Pattern completionThere is a completed bearish Cypher pattern here on the AUDCAD 4H chart. Looking short to the .382 and .618 levels for targets.
Engulfing at previous supportHi traders,
here we have a chance to get involved short on AUDUSD. We are sitting at a previous resistance level and we expect the market to react someway.
The short signal comes from the engulfing candle on the 4hr chart.
We also have RSI gone overbought recently and a cypher pattern completing right there.
So those are my levels:
Entry: 0,7677s
Stop Loss: 0,7719s
Target1: 0,7635s
Target2: to be evaluated
Hope you enjoy!
See you!
AUDUSD 4H Chart. Bearish Cypher Pattern.There could be still space to join , look for entries at H1 Chart.
Bearish Cypher CDJ/JPYSimilar to the USDJPY, instead we have a possible bearish cypher forming on the daily timeframe. This pair is in a weekly downtrend and has recently hit a level of support/resistance. The D point in the pattern could be a retest before further decrease in price. If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.
Cypher ratios:
AB = 0.382 - 0.618
BC = 1.13 - 1.414
XD = 0.786
USDJPY potential bearish cypher pattern on 4H chartsell @ 103.414
nice resistance (previous lows) around X if we look left on the 4H chart
sorry the C point should of course be at 100.085 but it's just a visual detail :)
EURCHF SHORT advanced pattern galore on 4H chartPick your entry and sell at D completions of these advanced patterns respectively! I will enter them all but with reduced risk for the two cypher patterns (turquiose and green ones) and use normal risk for the bat (violet).
NZDUSD: Bearish CypherHi Traders,
There is a bearish Cypher Pattern setup forming on NZDUSD with D completion at 0.73740.
Trade details:
Entry: 0.73720
Stop: 0.74250
Target 1: 0.73240
Target 2: 0.72900
Resources I used to learn how to trade advanced patterns:
1) Trade Empowered Training Program - The Advanced Pattern Trader
2) Various users here on trading view, namely Tom Hall and Akil Stokes
3) Trade What You See - Larry Pesavento
4) The Harmonic Trader - Scott M. Carney
Good trading,
Luke
GBPJPY Bearish Cypher 1 HR CompleteAs always looking for 382 and 618
** I am not in a active trade just testing ideas **
BTC/USD Potential Bearish Cypher Pattern #Bitcoin $BTCShort at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618.
I enjoyed this short video on this pattern .
Simplified image via Google search .
If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows.
I occasionally post unpublished ideas / charts on Twitter: @grahvity
AUDCAD - Bearish Cypher+++ Don't forget to LIKE & Follow+++I'm looking at a Potential Bearish Cypher Pattern on 1H, AUDCAD.
Since price is in downtrend you can use the Cypher Pattern as an entry reason for your shorts.
Stops above X and previous structure level, Targets are conventional - if you choose you can shoot for a retest of A's leg for 2nd Target.
Entry @ 0.9911
Stop @ 0.9978
Initial Target 1 @ 0.9854
Initial Target 2 @ 0.9836
Good Luck!
-Alex
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