Cypher-harmonic
BULLISH CYPHER - AUDUSD H1Here is a bullish cypher pattern. Entry, Targets, & Stop Loss:
Entry = "D" Point
Target 1 = 382 Retracement of CD Leg
Target 2 = 618 Retracement of CD Leg
Stop Loss = 10 pips BELOW "X" Point
*Close out half position at Target 1 and move Stop Loss to Break Even for remainder of trade.
EURCAD SHORT? 109 pipsEUR pairs have taken a beating lately. NFP tomorrow may give it the right kick to reverse to the upside!!
For EURCAD NFP News tomorrow could rocket price up and ignore the shoulder or we could expect resistance before the break back up to complete the right shoulder, respecting the trend.
Remember to trade your plan www.babypips.com
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NZDUSD LONG? 3:1 (70 pips)Beware of the news over today and tomorrow - both NZD & USD
However, we have a cypher!
Point B - price retraced XA bw 0.382 & 0.618)
Point C - then price extended XA, closed bw 1.272& 1.414
Point D - then price retraced XC down past 0.786 but above X
20 pips SL, two trades TP at .382 & 0.618 respectively
LONG 70 pips total
t > @bizlus
EURNZD Bullish Cypher? 260 pips We've probed this trade a bit when it didn't find 50EMA support -
LONG CYPHER?
Point B formed when price retraced XC and closed past 0.382 & closed before 0.618
Point C formed when price extended XC and closed past 1.272 but not beyond 1.414
We have a valid CYPHER if point retraced XC down to the 0.786 region, in which case...
Limit order at at ~ NZD 1.70318
Stop loss at 100 pips ~ NZD 1.69304
264 pips as follows:-
Take profit 1 at retracement of CD to 0.382
Take profit 2 at retracement of CD to 0.618
t > @bizlus
AUDUSD Short CYPHER? So far we have valid Cypher points
B (green fib) retraced XA crossed 0.383 but stayed below 0.62
C (pink fib) extension of XA leg crossed 1.217 but stayed above 1.41
If the D completion leg holds (yellow fib) XA retraces up to 0.718 level
Then we're selling around $0.75606 with stop loss around $0.76200
Take Profit 1 ~ $0.75046
Take Profit 2 ~ $0.74700
t @bizlus
USDCAD 1H potential bear Cypher patternOn the 1H chart, market seems to be in consolidation at the moment. However, it has failed to breach previous structure, and that is suggesting that the market is in a bearish consolidation. Plus, there's also a potential bear Cypher pattern, with RSI in a bearish divergence, and if the Cypher pattern completes, there's a potential selling opportunity.
Elliot Wave leg 4 breakout, Bullish Cypher? *Education ONLY - Do not trade half completed pattern formations! *
Mixin n matching for pip collection
Biased scenario:
1) You can see the Elliot leg 4 - 5
2) EMAs are in order - fast EMA20 above the slow EMA50
3) Fib AB retracement so far fits a cypher (yellow fib) AB = 0.38 < rXA < 0.68. That is AB retracement of XA is greater than .38 and less than .68
4) Candle bar setup bullish (hammers, continuations)
ENTRY: Trading the last small candle,
just above it ~ 1.94078
SL around .618 XA retracement
TP around .786 retracement of AB(rAB - gray fib)
(.786 rAB would be point alternative point C
in case we see the yellow inner Gartley or BAT instead)
.. for a cypher we'd expect C to sit well above point A
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Gift:
BTC 14Ee3cGJLBdBN7PWRBwu3d41S3NVbqERRq
ETH 0x8844032d9b0791fdfa6633e3768cfe1d6a767c88
LTC LQmkqNvv3JVfFpHQ32Wp6mdiBPpLLgmmmf
JET AIRWAYS: Hourly chart; 2 scenariosJet Airways Hourly Chart
Scenario 1: Price is at 50% retract and demand zone, it can move up if candle closes above .618 retracement
Scenario 2: If closes below 0.382 level then Jet Airways heading towards 665 - 670 levels to complete cypher pattern