Since price action recent push to the upside to test previous highs and the monthly resistance zone, price has formed a bearish Cypher formation. the traditional enrty was at .... but price had blown past giving a better risk reward profile.
exploring even more into price action we also have an ABCD Pattern with the D completing around the 1.21000 zone and a...
This cypher pattern is right on the sweet spot to enter! I have been following this cypher pattern from the B-C leg and I banked some pips from it then, now its time to take the cream from the top! 1-1 risk reward with positive carry fees.... What's more to love?
So my first attempt to Short EUR/USD failed. That's ok. You can't and won't win them all in the trading business. The market does what it wants.
That said, in my previous post, I mentioned another shorting opportunity in the form of a Bearish Cypher Pattern on the 4H chart . Well, price action is now confidently moving very strongly towards the completion of...
Nice looking cypher setup for the down side now, I would of like price to test the 618 like my previous post with Euro/Usd but it has formed a bearish pattern inside our zone, Nice gains to be had in this short... Also in the long and then the short again! All should offer a minimum of 3-1 RR.
- confluence of weekly resistance with .786 fib entry
- rejected this weekly resistance previously three times
- RSI is approaching oversold
- T1, T2 and T3 are set at .382, .618 and 1.00 fibs
- However I may extend T3 if it seems likely for further downside.
There could b a couple of different shorting opportunities setting up on the EuroDollar this week. The first one I'm interested in would be this bearish Cypher pattern, using standard pattern entries & targets.
Within the C-D completion leg of the Cypher pattern, there is also the potential for an equal measured move, which would then complete up towards the...
Following my earlier analysis on AUDCHF (see related ideas link below-and take a deep breathe), in line with my expectation of price consolidation for the next few days into next week (praying I don't get egg on me face), I'm eyeing a Potential Bearish Cypher Pattern in formation on the 1 hour chart.
If price action can push up to complete the pattern, then...
Price action has confirmed its bearish rotation by breaking through the previous support around 145.280 and closing below. Price action is now creating a Lower high and in doing so has created a bearish Cypher pattern.
I am currently short with 2 positions targets.
Target 1 145.251 (61.8 PIPS)
Target 2 144.783 (108.5 PIPS)
Potential total trade winnings...
Hey folks, here we have a Bearish cypher on a 4 hour chart that I'm just about to take, from my analysis I can expect a reversal is about to take place.
The valid measurements for a Cypher pattern are:
This is an excellent trading opportunity with a risk/ reward ratio of 1:2
I hope you's all have a great week ahead trading.
on this pair we are in a downtrend on the 4hr chart. When this happens i start to look for trading opportunities into structure levels that may provide some resistance for a trend continuation trade. As you can see price is now coming back to the previous 4h structure resistance (black line) and right there there are two different harmonic patterns...
here we have a chance to get involved short on AUDUSD. We are sitting at a previous resistance level and we expect the market to react someway.
The short signal comes from the engulfing candle on the 4hr chart.
We also have RSI gone overbought recently and a cypher pattern completing right there.
So those are my levels:
Similar to the USDJPY, instead we have a possible bearish cypher forming on the daily timeframe. This pair is in a weekly downtrend and has recently hit a level of support/resistance. The D point in the pattern could be a retest before further decrease in price. If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.