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Bearish Cypher

Nifty : 2 Possible Advanced Patterns (1H) : Choice is Yours !This one is for swing traders.. As we can see there are two potential patterns yet to be formed. Why do I call it as "Potential patterns ", well as of now none of the patterns are near D point completion, so that's y its potential patterns. Just think about the advantage of it, We just don't care whether Nifty moves Up or Down from 7880's. Bcos We are Armed & Ready ! If Nifty goes up n completes bear cypher, we take Short Positions If Nifty goes down n completes Bullish Bat , we take Long Positions N There is possibility of anyone of pattern not getting completed . Check your plans, risk-reward also before entering the trade. Note : 1) Cyphers sometimes gives inverse Risk : Reward but worth it. 2) Bullish bat will be invalid if market moves above 7895's ( we predicted bat too early) Hit Likes to Agree / Comment Your Views.. Happy Trading !
NSE:NIFTY
by InsiderB
6
EURUSD Bearish CypherDisappointed that I to only see this so late in the game. EURUSD positioning still short giving a bullish bias to EURUSD, esp if EURGBP continues to rally. At the same time price is in the 1.1460-1.1220 fib zone for sell trade so there are two ways to play this. STRATEGY A Buy 1.1290 for a move into TP 1.1410 for 2.89 Reward:Risk. and 3x reversal below 1.1260 for moves into 1.1180 for break even or profit. STRATEGY B Sell current levels 1.1352 for TP 1.1290 for 1.96 Reward:Risk with a 3x reversal above 1.1385
by CodeAndQuant
Potential Shorting Opportunity USDCAD CypherHello traders This pair has been following a strong down trend generally forming lower lows and lower highs. If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend. Furthermore, we have areas of structure around this zone with support of trend line resistance. I will be keeping an eye on this pair, and ideally expecting RSI overbought conditions or divergence around the entry level. Two targets: TP1- 1.2716 TP2- 1.2621 Thank you. Feel free to follow, like and share
Short
by DigitalKM
EURCAD 4H Bearish CYPHER PATTERN @ 1.4835Hi Guys, This is a CYPHER Pattern according to my trade plan. I like this particular setup because the 'X' leg is coming from a strong point of resistance which means I can have a more aggressive approach by keeping my stop loss pretty tight above the resistance area. This is a bearish CYPHER pattern @ 1.4835 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 230 pips x 2 = 460 pips Reward #1: 250 pips. R:R = 1:1.1 Reward #2: 400 pips. R:R = 1:1.75 Plan your trade... Trade your plan.
Short
by Krunal.Patel