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Cypher-harmonic

CADCHF H4 - SHORTCADCHF H4 - SHORT Cypher pattern with D-completion at 0.786 fibonacci retracement of XC leg. Look for selling opportunities within the D completion and resistance level for a SHORT opportunity. Otherwise, you can potentially place a SELL LIMIT ORDER @0.70363 for a sniper entry to catch a 1:2.5 trade towards the next support area. Understand that this is a countertrend trade and the idea behind this is to capture 1:1 as soon as possible. For those in USDCAD, you may be exposed to 2 CAD pairs therefore, manage your trade.
Short
by tradelikeapro_fx
Cypher under great Gartley pattern formationBTCUSD weekly chart analysis, After long time breakout form major trend line, it has formed very strong Cypher pattern, that's why we are getting good resistance level at 1.27 fib extension of BC... now it can retest at its previous tendline, if violated cypher due to very bullish sentiments or after retest of trend line it is going to form Gartley pattern at near about 16000 USD level. Anything can happen anywhere, best of luck and safe healthiest trading :)
BITFINEX:BTCUSD
by Dverma900
USDCAD - 4 HOUR - POTENTIAL BULLISH CYPHERHere on the USDCAD 4 Hour timeframe we have a potential bullish Cypher Pattern setting up. Not shown on this chart, but if you look left we've just run into a zone of previous structure support around the 1.30 level & my higher timeframe analysis sees this as a level in which we may see a bigger reversal than just the small relief that is usually expected from pattern trades. *In another post I'll share the at market Gartley Pattern that we have on the hourly chart* As always if you have a questions, comments or just wanted to share your idea on this pair please do so below! Also how about those Everton signings! :-) Your Trading Coach Akil
Long
by Akil_Stokes
2
CYPHER THE CYPHER PATTERN The cypher is a five point harmonic chart pattern, made up of points XABCD. The cypher is easy to spot on a chart because it has a characteristic wave like appearance displaying either rising peaks or falling valleys. You can trade the cypher like other harmonic patterns, by waiting for a reversal at the final point and then using pending orders to profit from any potential breakout. Bullish, Bearish Cypher Patterns In any cypher, points X, C and D are the critical points. For a bullish cypher, X should be the pattern low and C the pattern high. A bearish cypher makes its high at X and its low at C. In the bullish cypher, the points A and C should make successively higher highs and point D must be above X. In the bearish cypher points A and C must make successively lower lows and point D should be below X The reversal is expected at point D, the final point in the pattern. To validate a cypher check that AC retraces 38%-62% of XA BC retraces 113%-141% of XA AD retraces 78% of XA Always allow a tolerance of a few percent around these numbers as they will rarely be exact. The cypher has a slightly different appearance to the butterfly, bat and gartley. In a cypher, C makes a stronger rebound beyond A and that gives the appearance of rising peaks in the bullish cypher and falling valleys in the bearish cypher.
Long
by MAFX24
FKLI TRADING : 115) new structure low is formed, SHORT115 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...1587 is broken, now it has become resistance level... resistance : 1587- 1592 support : 1560 lower support : 1520 - 1512 advanced pattern bullish cypher pattern with D leg completion in the range of 1520-1512...SL could be set below 1500... this is a counter-trend trade...so if you never tested this, stay away... 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