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Bearish Cypher

FKLI TRADING : 176) INVALID CYPHER, BAT IS FILLEDthis is trade 176 frm haidojo trading... As the title has indicated, today is a bit hectic for fkli-sept... bearish cypher pattern is no longer valid as its C leg has been violated, lower-low is formed... so forget abt it... at the same time, bullish bat pattern is hit as the price reached 1483.50-low tdy...my entry was slightly higher, probably a late entry but tp is higher too at 1510...perhaps not a gud idea... higher-resistance : 1557-1560 resistance : 1540 immediate resistance : 1517 lower support : 1477-1484 ( bullish bat pattern-ald hit) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
FKLI TRADING : 173) bearish cypher patternthis is trade 173 frm haidojo trading... obviously, now is sideway market...sideway/consolidation breeds advanced patterns... now we have a possible bearish cypher pattern...entry ranging frm 1528-1534, SL a few points abv it, tp at 1517...no extended target... if you have never heard of advanced pattern / cypher pattern before, STAY AWAY frm this pattern... we can again bracketing the market using advanced patterns...1528-1534 - ---short region...bearish cypher pattern 1477-1484-----long region...bullish bat pattern higher-resistance : 1557-1560 resistance : 1528-1534(bearish cypher pattern) immediate resistance : 1517 lower support : 1477-1484 (bullish bat pattern) WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
Nifty conditional viewNifty spot cmp :- 11473 Harmonic study :- Bearish AB =CD formation (Pre-assumtion), Bullish Cypher formation (Pre-assumption) Nearest resistance level is around 11530 levels which is recent peak made by nifty spot,, above that index may move up by 100 to 120 points to complete bearish AB=CD pattern , whose PRZ is around 11636 to 11640 levels, which will be the next levels to watch. As per Bullish Cypher pattern extension of leg BC which should be 1.414% ,, as per levels 1.414% extension is around 11530 which is also recent peak for index,, so might act as small resistance,, down side 11370 which was previously respected 3-5 times as resistance would act as nearest support,, below which we may see 11286 which is mid point B of cypher pattern,, and finally 11186 which is 0.786% retracement to complete cyper pattern. Elliot wave study :- Currently index look like trading in corrective phase where formation of wave B is running,, once wave C unfold we may see price to drove towards 11370 levels,, this view also changes once 11530 is broken and sustained for atleast 15 mins above this levels..
NSE:NIFTY
by RUDRA007
GBPUSD, 4hr tf, Bearish cypher pattern short potentialHello my friends. I posted about GBPUSD sell position on bearish cypher pattern before but it turned out i play it in the wrong way. I got my stop loss taken as it was my fault in positioning my entry and my stop loss. I am gonna try selling GBPUSD once again in a correct manner to trade cypher pattern as i just reviewed my last trade on GBPUSD. In my opinion short position is still interesting as bearish cypher pattern is still valid. It will only be invalidated by a movement above 1.2820 Sell GBPUSD 1.2700-1.2695 Stop loss 1.2820 Take profit 1 @1.2580 Take profit 2 @1.2460 Take profit 3 @1.2340 Good Luck
Short
by HayatoDragonFX
GBPUSD, 4hr tf, Bearish cypher pattern could be in playBased on the 4hr timeframe, I spotted a potential bearish cypher patern on GBPUSD. Price was rejeted from 1.2665-1.2630 area for 3 times and today we saw price touching this area again Since this sell position offering a nice 1:5 RR ratio, i think it is worh to try it. Also cypher pattern is one of the most reliable harmonic pattern so i am going to sell GBPUSD from this point Sell GBPUSD 1.2630 Stop loss 1.2700 Take profit 1 @ 1.2515 Take profit 2 @ 1.2400 Take profit 3 @ 1.2270 good luck
Short
by HayatoDragonFX
Let's Try Selling Dow Jones AgainDow Jones fell yesterday upon the completion of a bearish Gartley It stopped falling after one solid bearish wave and turned indecisive As the price moved up and down, a bearish Cypher was already about to be completed. This could give traders a good reason why they should give the bear another chance to perform. The turning point upon the completion of the bearish Cypher will also be boosted by a falling trendline that's connected by the 2 previous high.
FX:US30Short
by AlgoVenture
3
Dollar: Weekly Forecast 3rd - 7th February 2020The dollar tumbled upon a bearish cypher, in line with our previous weekly forecast. While the dollar is not fundamentally weak, the previous bull run has caused a technical overbought. And so during the FOMC where the Fed is widely expected to keep rates unchanged, the dollar lost its ground. Besides, the Brexit was finally over and a major factor for risk-off is out of the picture which caused safe-haven currency such as dollar and yen to lose its demand. This week, we expect the dollar to continue the current bearish run and will face some support near 97 but will eventually fall further and reach 96.
TVC:DXYShort
by AlgoVenture
1
Bitcoin Closing in On a Critical Area of SupportGood afternoon, Bitcoin is closing in on a Critical Area of Support that you DO NOT want to break. There are a lot of Bullish Indicators in the makes right now as we close in on that $6,150 Critical Support Zone which also Coincides with the 1.272 fib extension in Wave C of the potential Bearish Cypher. But the Bearish Cypher may extend Wave C to $5969 at the 1.414. This Critical Zone that we are approaching is the Massive Demand Line of the 2018 Descending Triangle Pattern. This would be such an amazing area of potential value to reverse price action at. With the Bullish Divergence forming, it is extremely probable that around this blue zone we see major price reversal in the upcoming weeks to potentially days. I think it is probable I will be taking a massive long position in this blue zone. My Premium Members will know exactly when and where I take my position. Don't be the one to miss out and then Fomo when it's too late! Join our Free Telegram Channel: t.me -or- Join our Open Facebook Page. Make sure to like and follow! :D www.facebook.com Our premium channel is charging only $15 a month right now in consideration to a Black Friday Sales that last until December 31st. Prices after that will differ slightly. But again, we are only charging $15 a month, $75 for 6 months or $120 for an entire year. We offer Individual help, education in the makes as well as Trade Set Ups in the Stock and Crypto Market. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Feeling generous and wanting to show us love and support? Donation Options in (Crypto) are down below <3 commerce.coinbase.com
COINBASE:BTCUSDLong
by ChArtWorks_TechnicalArts