NZD/JPY Long Term - Possible Bearish Cypher PatternI still see weakness in the kiwi and strength in the yen keeping aside a BOJ intervention, atleast till the leg C down.
Bearish Cypher
Long Term view on AUD/JPY (Bearish gartley/Cypher pattern)Due to AUD potential weakness in the near term and with the yen still holding strong before the BOJ intervenes, I still see underlying strength with the yen.
Bear Cypher EMA TestSimple bearish cypher in a downtrend with a 100 EMA candle rejection, entered at market bit higher than the normal entry point for the cypher.
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
Bearish Cypher on AUDUSD 4HBearish cypher is setting up on AUDUSD on 4H timeframe
Orders have been placed in anticipation of completion and then a move downward
FOREX TRADING: 2 POSSIBLE BEARISH PATTERNS SETTING UPHi there all my Forex Trading followers!
Here we have 2 very nice possible bearish patterns setting up.
The Bigger pattern which will be a bearish cypher pattern.
The smaller pattern which will be a possible bearish gartley pattern.
TIP: Markets tend to go to the bigger patterns ( Thats according to my backtesting).
Good trading :)
GBPUSD - Bearish Cypher+++ Don't forget to LIKE & Follow+++While I was doing my analysis I found that potential Bearish Cypher Formation on 15M, GBPUSD.
Entry @ 1.3127
Stop @ 1.3152
Initial Target 1 @ 1.3105
Initial Target 2 @ 1.3092
Good Luck!
-Alex
Professional Currency Trader
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EUR/USD Cypher on the 4 hour/Bullish GartleyThere is a bearish Cypher setting up on the 4 hour. I'm looking to get short around 1.1125 with my stop around 1.1160. I'm looking to take my target to 1.0958. There looks like a Bullish Gartley setting up as well. It completes at 1.0970 or 1.09578 depending on if you use 1.27ext or not. Again, I personally would like to give my self as much room as possible, so I would look at which ever is longer. Good luck trading out there.
Thoughts?Just a little food for thought... 4HR cypher pattern hidden behind a blatant H&S pattern. Any takers?
Cypher Pattern RulesI just recorded a free video on the cypher pattern rules. It shows you step by step how to measure it out and trade it properly. You can check it out here: www.youtube.com
EURUSD - Bearish Cypher+++ Don't forget to LIKE & Follow+++Price is setting a potential Bearish Cypher Formation on 15m, EURUSD.
Entry @ 1.1107
Stop @ 1.1136
Initial Target 1 @ 1.1082
Initial Target 2 @ 1.1066
Good Luck!
-Alex
Professional Currency Trader & Owner of www.beaprofitabletrader.com
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Short AxisBank : Bearish Cypher & Double TopHey Guys,
As you can see from the chart we have a completed bearish cypher formation and price is staying above our usual entry level in Axisbank . We can take this trade now also, bcos it gives us the advantage of reduced risk reward, so even incase of loss we will be losing lesser compared to what we lose if we enter @ Usual entry level.
Moreover, you can also notice that there is double top formation and the bearish side confirmation with the downward move. If you check on RSI it is also showing bearish divergence which makes double top more valid to enter the trade.You can short based on Bearish cypher or doubletop as entry reason in Axisbank.
Am not sure how the market will open today, so if there is gap up below stops zone - Am planning to short Axisbank .
If gapdown happens below usual entry level I wont take this trade.
Hit Likes to Agree...
Thanks for your support ! Happy Trading !
USDCHF H1 BEARISH CYPHER PATTERN NEAR COMPLETIONHello!
This Bearish cypher pattern is very close to completion so keep and eye in this one :)
Good Trading!
Errol
GOOD PLACE TO SELL ?Hello traders, looks like GBPAUD gives us an opportunity to hop on this bearish trend..the reasons why the little orange box is the good place to sell :
1. Cypher pattern completed at that area (0.786 retracement of X-C)
2. 1.27 fibo inversion (B-C point)
3. RSI overbaught
Just for reminder guys, the stops must be above X point..extended targets?yeah, why not :) Good luck :)
EURUSD - Bearish Cypher+++ Don't forget to LIKE & Follow+++The bullish moves seems to be losing some steam - after the NSH price is moving lower. Thanks to the recent move, there is a potential Bearish Cypher Formation - that will be a nice counter trend opportunity.
Targets are conventional but if all is aligned the right way there is another potential pattern - Bullish Bat Formation that is in the direction of the trend - so you can shoot your 2nd target right @ the entry level of that Bullish Bat.
Entry @ 1.1365
Stop @ 1.1390
Initial Target 1 @ 1.1341
Initial target 2 @ 1.1326
Good Luck!
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NZDUSD H1 POSSIBLE BEARISH CYPHER PATTERNHELLO!
HERE WE MIGHT SEE A BEARISH CYPHER PATTERN THAT IS VERY NEAR TO COMPLETION.
GOOD TRADING!
EURUSD - Bearish CypherMarket is putting a series of Lower Low Lower Closes so we are in a bearish trend, right?
I'm looking for a potential cypher pattern on 15 M(you can see it better on 5M chart), that is aligned with the underling trend(blue lines).
I will be targeting retest of A leg for 1st position. For my second position I will target next structure level and I will trailing my stop.
Entry @ 1.1272
Stop @ 1.1291
Intial Target 1 @ 1.1234
Initial target 2 @ 1.1214
Good Luck!
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USDJPY - Bearish CypherI have several trades on my radar today . I'm gonna present to you one of my favorites - Cypher Formation.
This week USDJPY is friendly with me giving us another Cypher - we got 2 winning cypher, I hope we will get another one.
Look left and you will see nice bearish trend - so I'm only looking for hopping into bearish trend. While I'm waiting price formed a potential bearish cypher - I got my entry reason.
Once I got filled my 1st target will be conventional and for the 2nd target I will be shooting for retest of NSL because of that trending action.
Good Luck!
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EURGBP : Descending Triangle and Bullish CypherSo there are two trades here
1) Breakout trade in Triangle pattern (Short)
2) Bullish Cypher Pattern ( Long)
3) If entering breakout, then we can expect targets around Cypher completion
Waiting for breakout of descending triangle if that happens our cypher formation gets completed
Happy Trading !
