Get started

Bearish Cypher

Forex Market Analysis and Trading Tips - USDCADSUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3997 and support at the level of 1.3883. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair. INDICATORS:- MACD is sustaining in its positive territory indicating the bullish trend in the pair. RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair. STRATEGY: USD/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Long
by piponomics
1
Forex Market Analysis and Trading Tips 9th Feb 2016 SUMMARY: The secondary trend of USD/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.3980 and support at the level of 1.3840. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair. INDICATORS:- MACD is sustaining in its positive territory indicating the bullish trend in the pair. RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair. STRATEGY: USD/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Short
by piponomics
2
EUR.JPY - Daily Bearish Cypher Pattern 134.638On the EUR. JPY Daily chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is large as we are looking at a daily chart. PRZ - 134.622 & 136.672 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the daily Cypher Pattern placed at the 38.20% and 61.80% retracement of the C to D move. Stop loss would be placed above X leg structure resistance. www.UKForexSignals.com www.Instagram.com www.Instagram.com
Short
by UnknownUnicorn180388
4
EURUSD: VALID BEARISH CYPHER PATTERN CLOSE TO COMPLETION !!!Hello Traders, Here we have a valid bearish cypher pattern , which is coming close to the completion point. Look at the 4 hour chart, this pair is still in consolidation zone and this is where patterns tend to be highly profitable, with this bearish cypher pattern having 60% to 70% winning ratio. Targets and stops are labelled on the chart above. 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 Twitter4.13% as well: moneymaking2016
Short
by moneymaking
XAUUSD: VALID BEARISH CYPHER PATTERN WITH MEASURED AB=CD MOVE!!!Hello Traders, Looking at FX:XAUUSD on 4 hour, we see a valid Bearish Cypher Pattern that has already been completed, with the market currently at the entry point (78.6% Fib level). We also got a measured AB=CD move BUT not a harmonic move, since we never retraced back down to the 61.8% Fib level of AB leg. It would be better to take the partial profits at the 50 MA (magenta line) since market respects this MA quiet well and we don't want to give back all the profit we have made just for few pips. Thus consider taking half of the profits at the 50 MA instead of 38.2% Fib level. Secondly, the stop loss is placed couple of pips above the X point BUT keep in mind that it is not above the highest high (marked by the blue rectangle on the chart above). The reason being that the risk to reward becomes quiet unfavourable if we were to place stops above that highest high, so do keep that in mind. KEY NOTE: Since the D point never closed above the X point, the cypher pattern is still VALID. Our short entry would still be at the 78.6% Fib retracement level. 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-0.04% as well: moneymaking2016
FX:XAUUSDShort
by moneymaking
3