Bullish Cypher
AUDCAD - Bullish Cypher+++ Don't forget to click the LIKE button+++Looking at AUDCAD 15M, I found a counter trend opportunity that I want to share with you.
Market dipped 0.9400 and failed to make lower close below that psychological level.
I think that price will trigger our entry level and would once again test the 0.9400 level.
You can use the Bullish Cypher as a reason for entry in that counter move - don't forget to set tight stops.
EST for the Bullish Cypher:
Entry @ 0.9412
Stop @ 0.9375
Initial Target 1 @ 0.9445
Initial target 2 @ 0.9465
Good Luck!
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EURAUD - Bullish Cypher+++ Don't forget to click the LIKE button+++Advanced patterns always emerge in a consolidation move and EURAUD currently is not an exception.
If you come late you will get bet entry on that Bullish Cypher Formation.
Entry @ 1.5225
Stop @ 1.5159
Intial Target 1 @ 1.5250
Initial target 2 @ 1.5270
Good Luck!
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You can get my trading ideas immediately, just make sure to follow me.
USDCAD - Bullish CypherFor those of you swing traders market is presenting a potential bullish cypher pattern on 1D, USDCAD.
The series of lower lows followed by lower closes was invalided when Cypher Pattern made its B-C wave - so we are in a bullish rotation . I don't know what the market will do next , but I know that we're in sideways move and in sideways move advanced patterns emerge.
Price is away from entry level but you can set your orders and forget them.
If your stop loss in pips is way above your trading rules , you can place your entry level lower but there is always a chance for missing it. Targets are conventional.
Entry @ 1.2616
Stop @ 1.2459
Intial Target 1 @ 1.2834
Initial target 2 @ 1.2968
Good Luck!
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Nifty : Long or Short ? Lets find out...Continuation of Previous Idea :
We have two Bullish cyphers formation and one of them is hidden in bigger cypher.
This is just trade idea, so both long and short trade scenario's are described.
If you are trendline based breakout trader wait for valid breakout of Trendline (Short Nifty)
Pattern Traders can seize the cypher chance. (Long Nifty)
Nifty is channeling right now, cudn't approve it as Flag pattern. So lets stick with channeling term.
If you ask me what I will do, I will go with patterns bcos slightly biased pattern trader happy with smaller consistent profits from patterns .But that doesn't mean patterns always gives you profits or Breakouts will be false ones.
So depending on what type of trader you are, choose the one of your choice.
USDJPY - 2 Potential Bullish CyphersI have my eyes on 2 potential bullish cypher on 15M, NZDUSD.
If you go for the smaller one(yellow one) then you need be aware that stop level will come right to entry level of the bigger cypher. If you don't set limit orders in advance, then you need to be actively managing both cypher.
Good Luck
GBPJPY 4hr chart 2 long opportunitiesTwo long opportunities on this chart, one more aggressive with a massive Reward to Risk (almost 6:1) and one more conservative.
Trade 1 = trend continuation stops behind 160.15 swing low shoot for retest of highs around 163.70 area almost 6:1 reward to risk
Trade 2 = Bullish cypher with the standard stop and targets
GBPJPY: Two LARGE Potential Advanced Cypher FormationsTough day for the GBP, and the weakness on this particular pair has inched price action towards 2 potential Cypher formations.
More so than most of the other major pairs, it's important that you measure out your risk prior to setting your limit orders. For example, for the smaller cypher completion the "X" leg (which is where stops need to be beyond) are over 125pips away.
Enjoy traders!!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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BULLISH CYPHER USDCADJust places my orders for this cypher pattern in the USDCAD. This pair has been in a short term uptrend so we can definitely see another rally here. This setup contains two fibonacci based target points and a stop loss below X. Let's see what happens!
Good luck trading everyone and make sure to follow us for more ideas.