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Bearish Cypher

USOIL Bearish Cypher +Divergence +Fib resistance +StochasticsUSOIL Bearish Cypher +Divergence +Fib resistance +Stochastic USOIL crude has a confluence of quite a few bearish indicators. In the H4 and daily we see the near completion bearish cypher, along with bearish divergence to the RSI in the H4, stochastics looking tired in overbought territory and Fib resistance 0.5 of the decline from october 2015 high and 0.38 of the decline from june 2015 high. I expect only a short firework in the markets from recent ECB and upcoming FED decisions, which might lead the price for USOIL crude back below 30 US$ per barrel, unless rising geopolitical tension in the middle east might in some way affect the oil supply from the peninsula. I hope you find this analysis useful and see it as an extension to your own studies. Please leave a FOLLOW or LIKE. twitter.com
FX:USOILShort
by SinatraFX
See why Benny Manieri's gone Loony for the Loony I keep milking this pair like a cow that's in my barn.... Well, I think I've had like, 3 trend continuation setups all week that fit my rules, all of them worked out and were profitable. I don't see the downtrend ending anytime soon.Let the good times roll. All we need is a reason to get involved. Hitting and running on this pair has been working out. Yet again, we see a trend continuation set up AND a well well well, looky here; a bearish cypher pattern forming right at the daily resistance level. Imagine that. You can play this as a pattern trade with two contracts, OR a simple trend continuation trade with TP at the low with follow-ons at the 1.27 extension. The choice is up to you! Benny Manieri
Short
by BennyManieri
NZDUSD: An Interesting Dilemma (Potential Bearish Cypher)Pain free targets on our Kiwi trade from last night however we're now faced with an interesting dilemma as we inch closer to our bearish Cypher Formation completion point at 6793. In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our top-down analysis we also saw that this could be used as a bigger trend continuation opportunity in predicting a move to the 6850's level. Now that we have a second advanced pattern formation forming the question is (for those shooting for the TCT move) is do you stick with the original trade? Or do you take the new pattern? Now before you ask me "What should I do Akil?" Please know that my answer is going to be "What does your plan say?" But I think it'll be interesting to see how the different members of our live room are handling it and should make for some good discussion and insight for those who are looking to create rules for a situation like this. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
50
EUR.AUD - Cypher Pattern + Extra Confluence On the EUR.AUD 15 min chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is between 1.5378 & 1.5400 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. AB-CD completion just above the Cypher pattern at 1.5384 161.80%, 88.60% & 141.40 Fibonacci confluence at the D leg completion. Potential targets for the Cypher Pattern placed at the 38.20% and 61.80% retracement of the C to D move. Stop loss would be placed above 1.5400 psychological number X leg structure resistance. www.UKForexSignals.com www.Instagram.com www.Instagram.com
Short
by UnknownUnicorn180388
USDNOK potential bearish cypher pattern Will be looking to enter a short position at 8.84658 if the cypher pattern holds up. Stop loss is based on previous structure as indicated by the red line. Take profit is based on Fibonacci levels. Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade. Fundamentals Aren't any particularly exciting fundamentals to support this cypher pattern, although based on the current consolidation of crude oil (Norway's economy depends strongly on oil exports) as well as uncertainty in the US economy, an up and down move is definitely not unreasonable.
Short
by olly_price
AUDNZD: BEARISH CYPHER PATTERN COMPLETED ON 4 HR CHART !!!Hello Traders, Just like in NZDCAD pair, we have a bearish cypher pattern completed on AUDNZD pair. Since these 2 pairs are negatively correlated, we got two opposite trading opportunities in them. I published both setups, so that you guys can choose either or both of the setups if you have these pairs in your portfolios watch list. Market is currently sitting at my entry point, which is bit higher than the 78.6% level. Stops go above the key psychological round number of 1.0900. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter10.97% as well: moneymaking2016
Short
by moneymaking
Forex Market Analysis And Trading Tips - USDCAD 15th Feb 2016RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CAD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4100 and support at the level of 1.3640. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair. STRATEGY: USD/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. All the best and happy trading! www.tradingsignalreviews.com
Short
by piponomics
GBPAUD: VALID BEARISH CYPHER PATTERN WITH GOOD RISK TO REWARD!!!Hello Traders, Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a really nice bearish pin bar right at the X point. Thus we might see the market come back up near the bearish pin bar and so our stops need to go above that pin bar. So we got 3 different Fibonacci confluence zones + the bearish pin bar, if the market is able to go through all these "potential" resistance levels than we better make sure to exit with a small loss. See the chart above for more information. Trade Summary: Short Entry Level: 2.0600 (psychological round number) Stop level: 2.07956 (risking 0.94% of total equity) Target #1: 2.03698 (potential return of 1.12%) Target #2: 2.02272 (potential return of 1.82%) HIGH IMPACT NEWS EVENT: Got "Services PMI" number coming out tomorrow early morning from GBP @ 4:30 AM. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well: moneymaking2016
Short
by moneymaking
2