USDCAD - The Make Up of An Average Trade With Big PotentialThis video is slightly different than the ones that I usually put out, but so is this opportunity. I'm looking for a HOMERUN trade here on the USDCAD & what that means is that I'm attempting to get in a trade that captures a larger profit target than what I would usually take.
What's important to pay attention to is the top-down analysis & the why behind the decision, as well as the entry reason & the role it plays in my initial involvement.
I hope you guys enjoy the video and if you have any questions or comments, please leave them below.
Akil
Cypher
Merck & CO Inc: MRK oversoldIt's a cypher like bullish pattern with measurements close to an ideal cypher i.e. 1.5 per cent discrepancy, but I am looking at a broad timeframe over last couple of years. assuming it is bottoming these days around 95 it should bounce back to around 120 i.e. fibo .618 of the cd leg. - at least!
main oscillators i track indicate oversold on day, week, month TF
Nifty is it towards 22800/22300 ? - Read description in detailFollowing my post on August 5 after a dead cat bounce,
Nifty has started to form Cypher or Shark pattern on weekly time frame.
For a Cypher pattern: it will touch 23870/23216/22800
To form a shark pattern fall may extend up to 22300.
It is expected to complete this by December end.
AUDUSD pays attention to the Cypher pattern belowOn the daily chart, AUDUSD maintains a downward shock, and the bears have the upper hand. At present, attention can be paid to the resistance near 0.6660. If the rebound is blocked, it is expected to continue to fall, and the downward target is around 0.6475. When the price reaches 0.6475, attention can be paid to the potential bullish cypher pattern.
NZDUSD BUY 0.5963On the daily chart, NZDUSD fluctuated and fell, and the bears have the upper hand. At present, you can pay attention to the potential bullish cypher, the buying position is around 0.5963. At the same time, this position is in the previous demand area, and the upward target is 0.6122.
Butterfly Pattern StructureThe Butterfly Pattern is formed as follows:
Point X: The starting point of the movement.
Point A: The first peak or trough that the price reaches.
Point B: The price correction from Point A, usually located around 78.6% of XA.
Point C: The subsequent correction, which should be between 38.2% and 88.6% of AB.
Point D: The final point, typically found within the range of 161.8% to 261.8% of BC.
This structure allows traders to predict potential price reversal points at Point D.
EURUSD 4H Buy BullishEURUSD 4H Buy Bullish
Volume distribution+chart trading(rectangular high sideways oscillation)+bullish Saif Pattern+supply and demand theory+bullish Pinbar=Buy Bullish
Enter the long position directly near the current price of EURUSD around 1.10300,and place the stop loss at 1.09900.
The first target is around 1.11200,halving the warehouse and promoting protection.
Look around 1.12000 for the second target position,then halve the position and push for protection.
Do not set a new high,enter the market with a backhand to short.
BULLISH CYPHER BTCUSD3 Bullish indicators for BTC
Bullish Cyper: All the retraces are valid for this pattern. The .786 retrace from X-D is perfectly aligned with an important support from history that was created in 2021. The X-B retrace is 100% clearly present there and the A-C retrace is almost just there.
Classic Bullish Divergence: Higher lows on the MACD and RSI oscillators and lower lows on the price validates this pattern. This perfectly aligns with the pivot of the Bullish Cypher and the historical support line.
Overall Context of the Structure: the context of the structure is reasonable. These pattern usually appear after a correction and it seems to be the case for BTC right now. It is also easy to set a stop loss because of that support line and everything under. If BTC falls below that support line, expecting further downside.
XAGUSD potential bearish cypherOn the daily chart, XAGUSD is currently stabilizing and moving upward, with a short-term bullish pattern. Currently, XAGUSD is expected to continue to rise, with an upward target of around 30.58. When the market reaches around 30.58, pay attention to the potential bearish cypher.
COMBOUSDT (30M) Cypher Harmonic Long ThermThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and advice givers. It should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations. BINANCE:COMBOUSDT.P
GBPUSD may fall below 1.261On the daily chart, GBPUSD encountered resistance and fell back after rebounding in the previous supply zone, and the short-term market may continue to fall. The current downside target is around 1.261. If it falls below, it is expected to continue to fall, and the support below is around 1.246. When GBPUSD reaches 1.246, you can pay attention to the potential bullish cypher pattern.
XAUUSD bearish cypher patternOn the 4-hour chart, XAUUSD has formed a bearish cypher pattern. During the day, attention can be paid to the resistance line of 2458. If the rebound is not broken, attention can be paid to short-selling opportunities. The downside target is around 2418 of the 0.382 ratio of the CD segment, and if it continues to fall, it will go to around 2393 of the 0.618 ratio. If the price breaks through the resistance near the previous high of 2483, an upward trend will be launched.
AUDUSD Potential bullish cypher patternOn the daily chart, AUDUSD is currently falling and the bearish trend is dominant. AUDUSD may continue to fall, and the downside target can be seen near 0.6455. When AUDUSD reaches near 0.6455, pay attention to the potential bullish cypher pattern. The upside target is the 38.2% and 61.8% retracement levels of the CD band.
EURAUD - A Structure Trading Opportunity With A TwistA look at a structure-based trading opportunity on the EURAUD showcasing 4 different ways to get involved including using a Cypher Pattern as a reason for entry.
In this video we taker a full look at why I'm interest in the area and where I'm expecting price to go to if we indeed get some follow through on the trading opportunity.
If you have any questions or comments please leave them below and I wish you guys a great and safe week of trading.
Akil
Tron (TRX) completed a setup for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Tron (TRX).
Previously we caught 10% pump of TRX as below:
Now on a daily time frame, TRX with Bitcoin pair has formed a bullish Cypher move for the next pump.
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.
XAUUSD BUY 2340On the daily chart, XAUUSD formed an insidebar yesterday and broke through, and the short-term bullish trend is dominant. Currently, we can pay attention to the support near 2340. If it falls back to this position, we can consider buying. The upper resistance is the resistance near 2387. After breaking through, the upper resistance is near 2415. When the market reaches 2415, we can pay attention to the potential bearish cypher pattern.
AUDUSD 1H TF - Bearish Cypher Harmonic Pattern ALREADY completed**DISCLAIMER** I do not know what I'm doing, this is purely for entertainment purposes from the perspective of the audience; however, educational purpose from my own perspective if constructive feedback is given. Thank you.
Fibonacci retracement taken from the X point to A point price action wicks above 0.618 without closing past it forming the B point.
From the A to X point, price wicks above the 1.414 extension without closing past it forming the C point.
D point is completed at the .786 from the X point to the C point.
Target 1 is at the .382 from the C point to D point.
Stop Loss is at the 1.13 extension from the X point to C point.
HOWEVER, after pattern being completed at the .786 from the X point to the C point it CONTINUED to push beyond the entry point before pivoting.
Therefore Target 1 was ADJUSTED to the new .382 from C point to Pivot Point.
Assuming .786 entry point, the risk to reward ratio is affected by the adjusted targets:
Stop Loss at approximately 24 pips from Entry.
Target 1 (adjusted) at 13 pips from Entry giving a 0.54 Risk-to-Reward.
Target 2 (adjusted) at 28 pips from Entry giving a 1.16 Risk-to-Reward.
Fetch.ai (FET) is setting up for upto 32% pumpHi dear friends, hope you are well and welcome to the new trade setup of Fetch.ai (FET) with US Dollar pair.
Previously we caught more than 33% pump of FET as below:
Now on a 4-hr time frame, FET is about to complete a bullish Cypher move for the next pump.
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.