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Bearish Cypher

EURUSD - Bearish CypherMarket is putting a series of Lower Low Lower Closes so we are in a bearish trend, right? I'm looking for a potential cypher pattern on 15 M(you can see it better on 5M chart), that is aligned with the underling trend(blue lines). I will be targeting retest of A leg for 1st position. For my second position I will target next structure level and I will trailing my stop. Entry @ 1.1272 Stop @ 1.1291 Intial Target 1 @ 1.1234 Initial target 2 @ 1.1214 Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button!
Short
by Aleksandar_Rose
5
USDJPY - Bearish CypherI have several trades on my radar today . I'm gonna present to you one of my favorites - Cypher Formation. This week USDJPY is friendly with me giving us another Cypher - we got 2 winning cypher, I hope we will get another one. Look left and you will see nice bearish trend - so I'm only looking for hopping into bearish trend. While I'm waiting price formed a potential bearish cypher - I got my entry reason. Once I got filled my 1st target will be conventional and for the 2nd target I will be shooting for retest of NSL because of that trending action. Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button!
Short
by Aleksandar_Rose
2
Nifty : 2 Possible Advanced Patterns (1H) : Choice is Yours !This one is for swing traders.. As we can see there are two potential patterns yet to be formed. Why do I call it as "Potential patterns ", well as of now none of the patterns are near D point completion, so that's y its potential patterns. Just think about the advantage of it, We just don't care whether Nifty moves Up or Down from 7880's. Bcos We are Armed & Ready ! If Nifty goes up n completes bear cypher, we take Short Positions If Nifty goes down n completes Bullish Bat , we take Long Positions N There is possibility of anyone of pattern not getting completed . Check your plans, risk-reward also before entering the trade. Note : 1) Cyphers sometimes gives inverse Risk : Reward but worth it. 2) Bullish bat will be invalid if market moves above 7895's ( we predicted bat too early) Hit Likes to Agree / Comment Your Views.. Happy Trading !
NSE:NIFTY
by InsiderB
6
EURUSD Bearish CypherDisappointed that I to only see this so late in the game. EURUSD positioning still short giving a bullish bias to EURUSD, esp if EURGBP continues to rally. At the same time price is in the 1.1460-1.1220 fib zone for sell trade so there are two ways to play this. STRATEGY A Buy 1.1290 for a move into TP 1.1410 for 2.89 Reward:Risk. and 3x reversal below 1.1260 for moves into 1.1180 for break even or profit. STRATEGY B Sell current levels 1.1352 for TP 1.1290 for 1.96 Reward:Risk with a 3x reversal above 1.1385
by CodeAndQuant
Potential Shorting Opportunity USDCAD CypherHello traders This pair has been following a strong down trend generally forming lower lows and lower highs. If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend. Furthermore, we have areas of structure around this zone with support of trend line resistance. I will be keeping an eye on this pair, and ideally expecting RSI overbought conditions or divergence around the entry level. Two targets: TP1- 1.2716 TP2- 1.2621 Thank you. Feel free to follow, like and share
Short
by DigitalKM
EURCAD 4H Bearish CYPHER PATTERN @ 1.4835Hi Guys, This is a CYPHER Pattern according to my trade plan. I like this particular setup because the 'X' leg is coming from a strong point of resistance which means I can have a more aggressive approach by keeping my stop loss pretty tight above the resistance area. This is a bearish CYPHER pattern @ 1.4835 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 230 pips x 2 = 460 pips Reward #1: 250 pips. R:R = 1:1.1 Reward #2: 400 pips. R:R = 1:1.75 Plan your trade... Trade your plan.
Short
by Krunal.Patel