AUDCAD AB=CD Continuation C to D Going Short for the C to D leg on this pair very tight stop loss @ 1.00021 good ROI Target at 0.96082
Ctodleg
EURUSD ABOUT TO SLIP ON A BANANA SHORTING THIS....
GOING OFF FIB. I SUSPECT THAT WE WILL GET A SHORT OPPORTUNITY BTWN THE 50% AND 61.8% FIB ZONE. THAT WILL COMPLETE THE B TO C LEG. AND WILL BEGIN THE C TO D LEG, ENDING AT1.10225.
EURJPY Possible C to D leg of a Cypher on the 4hr Down in the area of previous support and also a potential double bottom forming on the Daily.
Good RR of 5:1 and with good structure
GBPJPY Daily Bearish Cypher formingWe have had out x to A leg and A to B leg form.
looking for a buy in and around the 157.052 level, looking back this was a level of support all teh way back in Nov 2013 and price rose from this level which bodes well for a potential rise and completion of the C to D leg.
Point D would bring us back in line with some more recent level of support that was broken, could act as resistance if we see a rise here.
USDJPY Bullish Cypher possible So we have the start of a Bullish Cypher
IF we see a rise up to point C this will bring us in line with previous support which could turn ressistance.
Point D also falls in line with previous levels of support
Will wait for price to get to point C to get short
EUR/USD Bullish CypherSo im looking at a possible Bullish cypher forming.
We have had our impulse leg X to A form and also the A to B leg.
What im waiting for is the rise up to point C, as I have highlighted this is a pervious area of resistance and the price has dropped from these levels. Point C would also be in the Oversold area of the RSI and also would be inline with a resistance point on the weekly chart.
The fall to point D would be in a previous area of support in structure and also on the daily the point in which we broke our of that ranging action and saw the push up. this also bodes well for the targets of 382 and 618 if we get down to this level
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
EURUSD 4hr Possible Cypher Forming So this paid has been ranging up and down for some weeks now and has been living inside this area.
I can see a possible Bullish Cypher forming here, If we rise up to Leg C and don't break previous resistance then there may be an opportunity to go short for the C to D leg. This would bring us back down into previous support.
USDCAD 4hr C to D leg4 Days Ago I posted this up and as I predicted we came down and touched previous support 3 times, which bodes well for a rise up to Point D of the Cypher
I will look and see how the market opens and look to take a long position to point D Good risk reward as well
