Cyhper
EURNZD > Where to Sell ?Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.
Analysis of #EURNZD
Prices looking tp reach the trend line resistance which also is a psychological number 1.8100 we could look for a reversal pattern to enter short
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Check today analysis below
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
GBP/USD - SHARK MEETS TEXTBOOK CYPHER61.8% Shark target hit (see Related Ideas section for original post) and from the looks of it the pair is on its way to forming a textbook Cypher pattern. Entry at the 78.6%, Stops below X, Target at the 38.2% of CD.
My personal details:
E: 1.3850, SL: 1.3750, TP: 1.4050
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Bullish Cypher Formation Daily ChartCurrently it appears that price action is set to continue its push to the downside and if in doing so will form a Bullish Cypher Formation.
I predict price action will either do 2 things
(A) - test the lows of the minor structure level around the 1.16500 (price could possibly test it and bounce back to the upside or blow straight through it!!)
(B) push down to the D entry put in some type of reversal candle and have a text book bullish cypher!! (if only it was that simple!)
(C) push all the way down and test the monthly lows zone an possibly revers from there
Personally I am not going to take this trade as soon as price hits the D Completion. when it gets close to the D completion zone also previous resistance which could act as support (highlighted in orange) I will drop down to a lower Time fame to look for an entry reason.
Potential Bearish Cypher Set-UpOne to keep an eye on, Waiting on D leg completion, once rules are met i will then proceed with short.
Potential Bearish Cypher Set-Up
Bearish leg of a cypher patternNice opportunity for the short side if the B to C leg completes just closed below the 618 fib line its also broke a lower close low candle, could see a nice risk reward on this I've got 1:5 risk reward on this trade I will also be looking for the long side after (if) the C leg reverses in the zone and then I would look to target the C-D completion.
bullish cypher setup- rsi approaching over sold on 15 min chart
- cypher entry point in confluence with support level (grey)
- T1 and T2 at .382 and .618 fib
bearish cypher pattern- confluence of weekly resistance with .786 fib entry
- rejected this weekly resistance previously three times
- RSI is approaching oversold
- T1, T2 and T3 are set at .382, .618 and 1.00 fibs
- However I may extend T3 if it seems likely for further downside.
bullish bat pattern- rsi nearly oversold
- entry at .886 fib
- only target 1 at .382
as the overall trend seems bearish at the moment
AUDUSD Cypher PatternOn the 1H timeframe a Cypher patter is nearing completion, stop,entry and targets marked on the chart.
GBP/JPY potential gartley setups!Double check to make sure the gartley setup is still valid before entering trade!
long gartley ;
stop loss below - 135.4
limit entry long around - 137.86
t1 - 141.8
t2 - 143.84
short gartley ;
stop loss above - 150
limit entry short around 145.84
t1 - 140.5
t2 - 139
!Double check to make sure the gartley setup is still valid before entering trade!
AUDUSD cypher pattern and trendlineAUDUSD is forming af Cypher Pattern, and will hit trendline at that point.
Targets and stops are on the graph.
Good trading to everyone.
AUD/USD Harmonic Patternsx3 Long opportunities on AUD/USD with Harmonic Pattern formations on the 1H time frame. Targets at the 38.2 Fib Retrenchment with stops being below X.
Cypher On USDAUDHey traders looks like we have cypher completing at an even number. That even number also is a great support Level. RSI is also close to under sold on day .
what this can be a good trade
1. Even number
2. 0.786 for cypher
3. great support Lvl on daily
4. RSI under sold
CHF/JPY Probable Cypher Pattern 4hWith the opening of the markets we can see this pattern locking and earn some money at the beginning of the week.
AUDUSD potential cypher pattergood day everyone
we have today on the radar a potential cypher pattern
once the pattern is completed will go long with new structure high as per the targets
showing
happy pips hunting
