Cypher AUDUSDMarket turned south after hitting my trendling ending in a Three drives pattern, and is inching in on
a potential D-completetion of a Cypher on the AUDUSD.
I managed to catch the top of the three drives, and am approaching my target2 a little above the D-completion.
Hoping to ride this one back up again.
Always conduct your own analysis before placing a trade.
Bullish Cypher
AUDUSD H4 BULLISH CYPHER PATTERNHello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
EURCAD H4 MASSIVE POSSIBLE CYPHER PATTERN!Hello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
EURGBP Possible Bullish CypherSo currently been in a very bullish trend over the last week, this will see us coming up into some previous support levels which could act as resistance and see us form the C to D leg.
If this happens D is right at the point where this area twice acted as resistance which in turn could turn to support
GBPJPY 4h Cypher Pattern + SupportThis is adding to my idea (previously posted). If that fails then price may fall further to breach the bottom channel at which point the X leg for this Bull Cypher patterns sits right at the a major support line on the Daily Chart (please scroll back).
When channels are breached price usually goes to retest the breached level and this is where you would take your first target (which would be a few pips below 38% Fibonacci drawn from C leg to end of D leg for this Cypher (in blue).
AUDUSD: Potential Bull Gartley & Cypher Patterns on the 1 HourAfter catching a pain free 2 target winner on our Bear Cypher pattern from last nights video we're now seeing price continue to roll down setting up 2 new potential advanced pattern setups.
In Green is a potential Bullish Gartley pattern and in Blue is a potential Bullish Cypher Pattern.
Akil Stokes
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GBPJPY 1h Trend Trade Bull Cypher Channel SupportThis is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times.
Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top.
Keep an eye on RSI as it may show divergence by the time price hits end of D leg.
Any opinions are welcome.
Thank you for viewing this!
EURUSD D The Bigger Picture So as I mentioned in my 4hr chart if we break through previous resistance where could we see the pair go?
Taking a step back to the Daily chart and looking at the bigger picture, again there is a possible Bullish cypher being formed.
If we break resistance we could see a rise up to some great levels and once again this would be right in the overbought area of the RSI. C to D leg would see us right back at previous levels of support.
Will be interesting to see how this unfolds and im sure there will be more opportunities on the lower time frames to trade this
Engineers India : Bullish Cypher Patter with Double BottomWe all know from recent news that ENGINERSIN is oversubscribed by more than twice with Government's recent disinvestment plan. This is Fundamental News,Lets see how we are going to convert this fundamental news into a Valid Buying Opportunity with Technical Analysis.
Article Here : www.thehindubusinessline.com
1) Bullish Cypher Pattern completion
2) Double Bottom
3) RSI Bullish Divergence
4) Good Risk :Reward
Guys, I dont wait for anymore confirmation or reason for entering Long in ENGINERSIN, as it suits my plan.
Trade if it suits your plan also
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Happy Trading !
NXDUSD C to D leg of bullish cypherSo looking at the 30 min time frame and hour we can see that this Doji formed which could see us move down, this would also take us down into the oversold area on the RSI.
Completion of Point D see us down at a previous point of resistance which could act as support.
The targets of .382 and .618 if the pattern completes would see us meet previous resistance levels