Bullish Cypher
Litecoin - Bullish CypherWhat's up everyone, after receiving many request for LTC/BTC here is my view on the 4h chart featuring a bullish cypher pattern.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
Right now price is holding above the minor support trendline at 0.016, a break and close below would indicate a move to lower support at 0.0146.
From there I would expect a further move down to complete the D leg, therefore, providing an ideal area to go long.
If support holds price could push up to resistance at 0.0178, which is just above the 0.382 retracement of high to low.
Just to add, to all those requesting analysis keep in mind I receive a lot of requests per day and I only upload analysis where I see beneficial to the community.
I hope you all have an excellent weekend when it comes.
GBPJPY potential Advanced Harmonic Pattern - Bullish CypherOn GBPJPY, I have my eyes on potential Advanced Harmonic Pattern, and this will be a Bullish Cypher on 15M.
This Cypher barely touches 1.272 but we still have a valid C point :)
Here are the Entry, Stop and Target Levels:
Entry @ 145.52
Stop @ 144.90
Initial Target 1 @ 146.06
Initial Target 2 @ 146.64
Good Luck!
Bullish Cypher Pattern on the 15min 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
USD/CAD - Bullish CypherGood morning everyone! I'm super excited about todays set up!
Here we have a bullish cypher on the 1D chart with USD/CAD.
So much news on the USD came out yesterday, I decided to sit on this one until today. Low and behold, I woke up and it has hit D point!
We can look to place a long position on this pattern with a take profit set to 1.3530
REMEMBER: Set your stop loss accordingly.
Risk/Reward Ration - 1:2
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
AUD/CHF - Bullish CypherHello traders, following up from my successful bearish 5-0 for AUD/CHF (chart is shown below), I have now spotted a bullish cypher which completes at the bottom of an ascending channel on the daily chart.
This is an excellent opportunity with a potential 250+ pip return.
If you take a look at the daily chart below, price is now approaching the bottom of the ascending channel (as I previously mentioned).
Keep an eye on this setup going into next week!
Bears Support with Bat and CypherI bearish one GBPCHF and this idea support with complete bat pattern and potential cypher pattern.
if you see bearish engulfing or double top you can sure that it is completely true.
I point my SL and TP 1 and TP 2 exactly. you can use them precisely.
Enjoy your trading...
Harmonic Trading on EURJPYHi guys,
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 lower in order to get a better risk to reward ratio.
Stops below X, targets as usual for harmonic patterns.
If you want to share your thoughts or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Cypher on EURJPYHi guys,
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 lower in order to get a better risk to reward ratio.
Stops below X, targets as usual for harmonic patterns.
If you want to share your thoughts or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!