GBPUSD BEARISH CYPHERSHORT trade analysis on GBPUSD .
Graph is looking bearish from upper area to lower support zone . Chart completed Bearish Cypher Pattern and is about to fall . Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Cypher
AVAX/USDT -Bearish CYPHER- a possible short term SHORT scenario!Possible bearish Cypher pattern and short term bearish scenario on 4H chart.
I think we have a significant chance, to fall back from Cyphers D-point around 36,66 usdt back into the simmetrical triangle, till around 22,5 (A point).
My stoploss would be at 40,76, where the pattern would be invalidated, and the price probably go further to the 50,5 in my opinion.
If price reach that SHORT TP as expected, there might be an opportunity to open some Long positions as well.
I'm looking forward to seeing, in fact what will happen.
(Overall, I'm bullish on long term.)
Good luck!
All feedbacks are appreciated!
BTC/USD Bullish Cypher + Inverse head and shoulders + .618BTC/USD Bullish Cypher with a potential target of $75K (1.618 extension). Inverse head and shoulders target at ATH. Currently battling the .618 level. Looking for a concise break of the golden pocket and ATH for further continuation upwards and onwards.
GBPJPY, 4hr tf, bearish cypher pattern
As you can see there is also bearish cypher pattern in play which could fuel further downside on this pair.
I think the target will be at 149.50 in order to price make another pattern for retracement.
For now we will just focus on the downside because we don't know where price will stop the drop in the future.
Sell GBPJPY 151.70
Stop loss 152.30
Take profit 149.50 (3.6R)
Use only 1-2% risk
Good luck
AUDUSD, 4hr tf, bearish cypher pattern
We saw a potential bearish cypher pattern on this pair.
This 0.7780-90 area could be potential reversal zone. Also AUDUSD has been holding 0.7810-20 area as resistance very well. Only a close above those area could trigger more buyers into this pair.
For now, as long as price below 0.7810-20 we could expect price to go down.
Sell AUDUSD 0.7785
Stop loss 0.7825
Take profit 0.7705
Use only 1-2% risk
Good luck
EURAUD BULLISH CYPHERLONG trade analysis on EURAUD .
Graph is creating Triangle Pattern and its looking bullish from lower trendline . Price is about to complete Bullish Cypher Pattern and will rise . Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
BTC forming an Inverse Head & Shoulders pattern?Not investment advice. Not a professional.
IDEA: BTC completed a Bullish Cypher Harmonic , so likely up a bit for now at the very least.
Previous post proposed possible Expanding Symmetrical Triangle forming. I'm in the camp that would be bet this Bull Run isn't over yet but a larger correction will happen at some point in the near future before we make any more meaningful moves up. I'll never say never, but a dip to $40k or below rn just seems a little out of reach given the current market sentiment IMO.
If I had to bet, I'm thinking we're currently forming the HEAD of an INVERSE HEAD & SHOULDERS PATTERN . Just like the stock market, I don't think BTC is quite done consolidating yet. I think we'll see one more Bull Trap to a slightly higher high around $68k > a modest pullback > then off to the races again.
Or I'm completely wrong, who knows. Cheers.