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Cypher

LONG - AUDCAD - 30MPAIR:- AUDCAD INSTRUMENT:- Forex POSITION:- LONG TIMEFRAME:- 30 minutes STRATEGY:- S&R Lines on HTF + Trend Lines + Cypher Harmonic Pattern + Bullish reversal candlestick (highlighted in yellow) Retested trend line on 15M LTF Bullish reversal candles (hanging man) @ previously strong support historically Previous history of moving swiftly upwards from previous support (blue tick), expecting same this time as well Cypher Harmonic pattern - bullish S/R Lines @ 1W/1D/4H/2H/1HR/45M/30M to take entry in 30M tf ENTRY:- CMP TP:- 0.89427 SL:- 0.88945 RR:- 2:1
Long
by oahmedk
AXSUSDTPERP (SHORT)AXS is currently on its last wave using the Elliot Double Combo Wave labeled as W, X, and Y. We are currently on the corrective phase of the completed 5-wave pattern of wave Y. This is also supported by 3 bearish harmonic patterns namely Gartley, Cypher, and Anti-Gartley. Based on my personal experience when several harmonic patterns will have the same potential reversal zone (PRZ) the more likely the pattern will play out. DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
Short
by jaorcine
Harmonic Cypher Perfects at Gapfill 4018The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move. Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows: 7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge. At ~1428 EST J Powell will step up to the mic and make soothing comments. Irrational mad bullishness follows, rising price in giant arc up to close. Thursday after the hike could turn into a bloodbath. Last time bad news was so good they bought it next day. This time, who knows? Don't get caught short in these nutty rallies. The Shark Cypher is a giant W with right leg taller than left. Other variants include crab, nenstar, etc; nomenclature based on leg heights. It is a BEARISH construct which usually leads to lower prices after break from right leg. There is the short entry. Included RSI, Stoch and Stoch/RSI indicators for comparision to each other, these are interesting. All approaching overbought. Target: The gap to fill below at 3796. Price very unlikely to fall below lower BollBand imo. This is STILL A BEAR MARKET; all rallies are setup for lower prices ahead, until proved otherwise. IMO the LOTY is still not in; could be mistaken, let us see what madness transpires in October... GLTA!
TVC:SPXShort
by DaddySawbucks
34
Bitcoin (BTC) formed bullish Cypher | A buy-opportunityHi dear friends, hope you are well and welcome to the new trade setup of Bitcoin ( BTC ) On a 2-hr time frame, BTC has formed a consecutively second bullish Cypher pattern. After completing the final leg it went very close to the potential sell zone but could not reach that area, and as per the Fibonacci sequence of the Cypher , it has still the potential to hit at least 0.382 Fib level. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITSTAMP:BTCUSDLong
by moon333
1
CHAMBAL FERTILIZERHello and welcome to this analysis The stock is at the PRZ of a Bullish Harmonic Cypher formed in Weekly time frame. A bounce/reversal till 340 to 375 is probable as long as it does not break 250. Risk Reward for the trade is v good at 1:3 Harmonic Trading Patterns consolidate and then give strong follow through of trends. Since this is based on weekly time frame, trading it via derivatives could be risky as it will be a time consuming one with pullbacks and sideway along the path till its target, hence, cash based entry is advisable.
NSE:CHAMBLFERTLong
by Dinesh_C_Nagpal
2