Bullish Cypher
USDCAD: Bullish CypherBullish Cypher pattern on USDCAD H1 timeframe.
Entry: 1.30760
Stop: 1.30170
1st target: 1.31310
2nd target: 1.31700
If you like this trading style and want to learn it yourself, I suggest reading a little book called 'Trade What You See' by Larry Pesavento. That is a great starting resource.
Luke
Bullish CypherAnother Cypher found yesterday in my evening analysis now about to complete.
I'll enter below the normal entry price because I'm placing my stops below structure taking targets .382 / .618
If price touches the original entry price, and the original target before filling my order I'll cancel it
Keep it simple, and focus on the process
Twitter: @Jeanc680
Jean
AUD/USD - Bullish Cypher (100+ Pip Move)I'm getting ready for the week ahead, make sure to keep this on your watch list! Here we have AUD/USD on a 1h chart with an excellent buying opportunity.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be looking for additional analysis this week for an entry point, as always feel free to share any complimentary ideas and leave your opinion on this pair below.
XAU/USD - Bullish Cypher (C Leg Sell-Off)Wow this is huge, we have XAU/USD on a 4h chart with a picture perfect bullish cypher pattern but this time we're doing things differently, we'll be looking to sell-off from C to D.
The measurements for a valid cypher pattern are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
Final X to D: 0.786
Price is currently trading within a rising wedge, approaching major resistance at our C point and about to complete the D leg of a separate pattern not shown on this chart... Bearish AB=CD. This is why I love this setup!!!
Let's take a look into the longer timeframes with the Weekly chart, as you can see we have started trading above the 200 EMA. Currently approaching major resistance around our reversal zone, I'll be expecting price to sell off in this area all the way down to meet our EMA before showing any signs of a bullish reversal.
EUR/USD 60 min Bullish Cypher setting upThere is bullish Cypher setting up on the 60min. It completes at 1.11671. As long at price doesn't close above 1.12301 on the 60min the pattern is still valid. This pattern completes at a nice support level as well. There is still the bearish bat pattern on the 240 as well. Good luck trading out there.
SBI : Bullish Cypher - Is there anything more to say ?We got bullish cypher pattern here, so I'm expecting completion of CD move, it may happen today or tomorrow, we cant predict that with 100% confidence. But one thing we can say, if price comes to our entry zone I will enter long in SBI with cypher as reason but only after the pattern completion.
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
GBPUSD - Bullish Cypher+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation on 15M, GBPUSD.
On 15M market is breaking structures to upside and downside so it is not a surprise that we see advanced patterns in sideway moves.
Stops below X, targets are conventional.
Entry @ 1.3136
Stop @ 1.3101
Initial Target 1 @ 1.3166
Initial Target 2 @ 1.3185
Good Luck!
-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
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USDCAD - Bullish Cypher+++ Don't forget to LIKE & Follow+++
There are lots of things on my radar today - there is a potential Bullish Cypher Formation on 30M, USDCAD(price almost hit entry level earlier).
Even though this particular one is not the prettiest, but it is a 100% aligned with my trading plan.
On higher trading time frame you can see that bulls are dominating the market and this Cypher is a nice trend continuation opportunity.
Stops as usual below X and I'll be shooting for higher targets.
Entry @ 1.3095
Stop @ 1.3024
Initial Target 1 @ 1.3170
Initial Target 2 @ 1.3240
Good Luck!
-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
Download my Free Ebook & transform your trading Today! ow.ly
If you'd like to see more good trading ideas from me, click the "Like" button!
You can get my trading ideas immediately, just make sure to follow me.