Bullish Cypher Completed at 147.990.
150.008 is the Fibonacci Retracement 23.6%
Head and Shoulders pattern will be completed at 150.100
Both charts point out 150.100.
Breakout and close above 150.100 will take the price 151.300 and 152.200. Extented target is 153.200
As the title says, Bullish Cypher pattern potentially forming on this pair. However, depening on your own rules, the Bullish Bat is still a live potential trade therefore you will have to decide (according to your rules that is) on which pattern you will take. You could even keep the Bat pattern as a second chance trade if you were to get stopped...
Currently Price is consolidating with the highs being at 1.20900 zone and the lows being at 1.15500
Currently it appears that price action is set to continue its push to the downside and if in doing so will form a Bullish Cypher Formation.
I predict price action will either do 2 things
(A) - test the lows of the minor structure level around the 1.16500 (price...
I'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity.
If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity.
Entry will be between the 61.8...
Since Euro's recent bullish move up price action has started to retrace (as buyers take off profits) price has formed a cypher pattern.
The D leg completion at 1.13866 is in a previous structure zone which is a very strong case for entry.
looking to take 2 targets for this trade
Target 1 is at 1.14049
Target 2 is at 1.14163
lets see how it pans out
Price action is in the process of possibly forming a bullish Cypher pattern at a previous support level .
Looking for the D Leg Completion at 1.31957
And taking 3 Targets
Target 1 1.32390
Target 2 1.32653
Target 3 1.33865
this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well.
These are the reasons why i'm getting involved with this.
I'm actually taking this one a little...
just want to inform you about what's on my radar this evening: this is a Cypher formation that's about to complete near to a daily structure level and a psychological number.
I think this could be a good idea to buy the market.
Stops below X, targets as usuale on pattern at .382 and .618 retracements of AD leg.
If you have any question, feel free to...
as usual i've outlined daily structure levels with a black line. Right there, in a lower timeframe, we have a potential cypher pattern completing right now. I would be very interested in this setup because you should also shoot for extended move.
Stops below X, target as usual in pattern formation.
If you want, comment below.
Otherwise, see you in the...
i'm already involved in a USDCAD trade, but for educational purpose i want to share with you this setup in lower timeframe.
As you can see in 4hr chart, we broke and closed below X, that invalidates our previous pattern (even though we're still in that trade) giving us reason to believe price is heading lower. Considering that, i search for selling...