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Bullish Cypher

USDJPY: Bullish CypherHey Trader, We have a bullish Cypher pattern forming here on USDJPY with D leg completion at 109.130. I am currently in the process of back testing Cypher, Gartley and Bat patterns with the intention of adding at least one of these strategies to my current trading repertoire. Only take trades if they meet you pre-determined trading requirements and trade plan. If you don't have a clear trading plan, please get one, it has made all the difference to my trading performance. Entry: 109.130 Stop: 108.620 Target 1: 109.68 Target 2: 110.00 Good trading for the week ahead, Luke
Long
by Beebags
2
EURAUD 1 HR Potential Bullish Cypher don't know whether it will come down and give us an opportunity but, there is a potential bullish cypher setting up with an entry @ 1.5502. I'll be looking at it as a trend continuation trade. looking to test the previous highs, since we just recently had a higher high, higher close. Still a long ways away from this happening and right now its looking like its trying to just go straight up. We'll just have to wait and see what the market gives us... good luck
Long
by RonSublett
GBPUSD: 4 Hour Potential Bullish Cypher FormationPotential Bullish Cypher Formation @ 1.4398. Because of the amount of risk on this trade I won't be entering at the normal "D" completion point, rather a lower level within the killzone. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
63
AUDJPY 4H Bullish CYPHER PATTERN @ MarketHi Guys, This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly occurs. This is a bullish CYPHER pattern @ MARKET and stop loss will be placed below the X leg which we use as good support 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: 150 pips x 2 = 300 pips Reward #1: 210 pips. R:R = 1:1.4 Reward #2: 320 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
AUDJPY: DEEP COMPLETION OF BULLISH CYPHER PATTERN ON 4 HR !!!Hello Traders, Hope everyone enjoyed their weekend. I just wanted to give you guys a quick buy setup on the FX:AUDJPY pair. So here we have a Bullish Cypher Pattern , which was already completed on April,29,2016 (last Friday), but the market has came very close to the X point of the pattern. Thus one can say this is a deep cypher pattern completion, which is presenting us with buying opportunity with very low risk. I used the ATR (14) on the 4 hour chart for good stop placement level. See the chart above for targets and stop loss levels. Notice that we have NOT gotten a close below the X point of the pattern, thus maintaining the validity of the pattern. That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :) Follow me on Twitter as well: moneymaking2016
Long
by moneymaking
GBPUSD Daily a few Ideas We have had a Double top form on the most recent high so my view here is that we will start to see a retracement. Possible outcomes: We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up or A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from or I could jsut be wrong and it sees a slight pull back before continuing upwards
Short
by Wonour