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Bearish Cypher

Bearish Cypher 1H USDJPYHi traders, Bearish Cypher on the 1H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high. An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful. This is not a trade recommendation and I am not responsible for your gains/losses. Take care, Ray
Short
by TradingWithRay
EurGbp: Cypher bearish: Wait for the D leg.Hello Guys. Here we looking for a cypher pattern to short. We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam. We broke Down Again, and make the B leg, on the cypher. ( LH) After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg). Now we will wait for the D leg to complete. If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now. It, can also make decline the cypher, and broke under the C before there D. Remember to look at the RSI, and some chart patterns.
by McbmMM
Bitcoin Bearish Cypher PatternHad to do a bit of research on this one. I could tell this wasn't a Gartley pattern by the lack of length on the left leg (X-A). But it -is- a Bearish cypher. The retracement levels beyond 1 have been adjusted beyond to measure the amount beyond 1 the 2nd leg matches the retracement from XA. It's within the median of the requirements exactly... and the rest of the pattern... the .618 midpoint, and .786 end point... line up precisely. Looks to be a potentially bearish conclusion of these swings we've seen recently. Here's the measuring criteria for you to judge for yourself. www.profitf.com I myself have exited all alts and have tightened my stops on BTC to protect profit. TA isn't a fortune-telling tool but it allows you to prepare and mitigate your risk. Happy Trading. -SJ
BITFINEX:BTCUSDShort
by saadcrates
1
GBP/CHF - Bearish CypherIt's been a busy week of charting so far, and now I'm looking at a potential bearish cypher on the 1 hour chart. You can see from my analysis of the daily chart below that price has begun to test resistance at the high before the X point- meanwhile price has recently made consistent higher highs and higher lows. However after the recent re-test of the high at our X, we have now seen a lower low. This is a sign that growth in this pair is easing and we may need some big news before higher highs are made. Within the next 24 hours we will see the release of the Swiss Unemployment Rate- as well as the British Trade Balance and GDP estimate. I wouldn't like to take a trade while this news is being announced, however it may be the cause we need to push price towards our PRZ for another re-test of resistance. Cypher ratios B = 0.382-0.618 C = 1.272-1.414 X to D = 0.786 Please keep an eye on the candlesticks as they will tell us which direction price is looking to turn. I will update the analysis as time goes on. Risk with this trade is at 1:2.
Short
by KyleMcQuade
Bearish Cypher Formation on the DailySince price action recent push to the upside to test previous highs and the monthly resistance zone, price has formed a bearish Cypher formation. the traditional enrty was at .... but price had blown past giving a better risk reward profile. exploring even more into price action we also have an ABCD Pattern with the D completing around the 1.21000 zone and a 1.272 extension + The RSI being in a very over sold state. we have a lot of signs pointing that there may be a bearish rotation coming up
Short
by LukeFagan