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AUD.USD - BULLISH BAT SETUP - .7459On the AUD.USD 4hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between .7459 & .7421 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around .7727 Stop loss would be placed below X leg structure support. Target 1 - .7572 Target 2 - .7644 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
5
AUD.JPY - Bearish Bat Setup - 77.062On the AUD.JPY 1hr chart we have a potential short opportunity at the D leg completion of a bearish Bat setup. The price reversal zone on this pair is between 77.062 & 77.258 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat Setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around 76.200 Stop loss would be placed above X leg structure resistance. Target 1 - 76.670 Target 2 - 76.444 Website: www.UKForexSignals.com Instagram : www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Short
by UnknownUnicorn180388
AUD.USD - BULLISH BAT SETUP - .7615On the AUD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between .7615 & .7598 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around .7737 Stop loss would be placed below X leg structure support. Target 1 - .7670 Target 2 - .7704 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
6
GBP.JPY - BEARISH CYPHER SETUP - 134.329On the GBP.JPY 1hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 134.329 & 135.171 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 131.553 Stop loss would be placed above X leg structure resistance. Target 1 - 133.030 Target 2 - 132.250 Website: www.UKForexSignals. com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Short
by UnknownUnicorn180388
NZD.USD - BULLISH CYPHER SETUP - 0.7159On the NZD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 0.7159 & 0.7112 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 0.7296 Stop loss would be placed below X leg structure support. Target 1 - 0.7227 Target 2 - 0.7269 Website: www.UKForexSignals. com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
GBP.USD - BULLISH BAT SETUP - 1.2870On the GBP.USD 240min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 1.2870 & 1.2800 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around 1.3345 Stop loss would be placed below X leg structure support. Target 1 - 1.3103 Target 2 - 1.3246 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
4
NZD.JPY - X2 BEARISH CYPHER SETUPS 75.846 & 74.452On the NZD.JPY 4hr chart we 2 potential trade opportunity's both at the D leg completion of a Bearish Cypher setup. Bearish Cypher Setup ( Light Blue ) - D leg completion 75.846 Target 1 - 74.452 Target 2 - 73.596 Bearish Cypher Setup ( Dark Blue ) - D leg completion 74.452 Target 1 - 73.596 Target 2 - 73.069 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Short
by UnknownUnicorn180388
EUR.NZD - BEARISH CYPHER SETUP - 1.5749On the EUR.NZD 4hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.5749 & 1.5827 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.5489 Stop loss would be placed above X leg structure resistance. Target 1 - 1.5631 Target 2 - 1.5554 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Short
by UnknownUnicorn180388
2
NZD.JPY - BULLISH CYPHER SETUP - 72.381On the NZD.JPY 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 72.381 & 72.231 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 72.903 Stop loss would be placed below X leg structure support. Target 1 - 72.620 Target 2 - 72.764 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
6
EUR.JPY - Bullish Bat Setup - 111.707On the EUR.JPY 240min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 111.707 & 110.849 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around 117.426 Stop loss would be placed below X leg structure support. Target 1 - 114.296 Target 2 - 115.890 Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Long
by UnknownUnicorn180388
2
EUR.AUD - Bullish & Bearish OpportunitiesOn the EUR.AUD 1hr chart we 2 potential trade opportunity's at the D leg completion of a Bearish Bat & Bullish Cypher setup. Bearish Bat Setup ( Blue ) - D leg completion 1.4880 Bullish Cypher Setup ( Grey ) - D leg completion 1.4603 Bearish Bat: Stop loss would be placed above X leg structure resistance. Bullish Cypher: Stop loss would be placed below X leg structure support. Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
by UnknownUnicorn180388
USD.JPY - Bearish Cypher - 109.768On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of a bearish Cypher setup The price reversal zone on this pair is between 109.768 & 109.944 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 109.20 Stop loss would be placed above X leg structure resistance Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com
Short
by UnknownUnicorn180388
6
LEARN TO TRADE THE CYPHER PATTERNSTAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that you have identified your X to A impulse leg you are now looking for the B leg, which is a retracement of the X to A impulse leg. Take your Fibonacci retracement tool and draw from your X leg to your A leg. The crucial Fibonacci levels you are looking for are the 38.20% and 61.80% Price action must at least touch the 38.20% retracement but cannot close below the 61.80% retracement. As you can see by the illustration, the candle does not need to close below the 38.20% retracement but must at least spike through. The bullish Cypher pattern will be invalid if price action closes below the 61.80% retracement of the X to A move. STAGE 3: C LEG EXTENSION Once you have identified a valid X to A impulse leg and a B leg retracement, you are now looking for a valid C leg extension. Take your Fibonacci extension tool and draw from X to A and then back to X. The crucial Fibonacci extension levels you are looking for are the 127.20% and the 141.40% Price action must at least touch the 1.272% but cannot close above the 1.414%. As you can see by the illustration the candle does not need to close above the 127.20% but must at least spike through. The bullish Cypher pattern will be invalid if price action closed above the 1.414% STAGE 4: D LEG COMPLETION Now that you have a valid X, A, B and C move you are looking for the final leg in price action at which point you will buy the chosen currency pair. Take your Fibonacci retracement tool and draw from your X leg to your C leg. You are looking for a 78.60% which will now give you a valid D leg completion of the bullish Cypher pattern. STAGE 5: PLACING YOUR TARGETS When looking to take targets on the bullish Cypher Pattern the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the C to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%. To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2. KEY NOTES & RULES: When trading the bullish Cypher pattern , the pattern is meant to be traded at 78.60% D leg completion only. If you believe the pattern is unfolding but price is only at point B, be patient and wait until price reaches the D leg completion. The power of the pattern comes from converging Fibonacci levels of all points from X to D. Point B must at least touch the 38.20% retracement but cannot close below the 61.80% from the X to A move. Point C must touch the 127.20% but cannot close above the 141.4% Point D is complete when price action touches the 78.60% retracement of the X to C move. Stop loss must be placed below the X leg structure support. Target 1 at the 38.20% retracement of the C to D move. Target 2 at the 61.80% retracement of the C to D move. CURRENCY PAIR: This pattern like any other is more profitable with certain currency pairs, you should do your own back testing on this before trading this or any pattern. Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com Twitter: www.Twitter.com DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
by UnknownUnicorn180388
30