Cypher-harmonic
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
Follow @Bizlus
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
Follow/Like: @bizlus
Comment/Feedback
Gift:
BTC 14Ee3cGJLBdBN7PWRBwu3d41S3NVbqERRq
ETH 0x8844032d9b0791fdfa6633e3768cfe1d6a767c88
LTC LQmkqNvv3JVfFpHQ32Wp6mdiBPpLLgmmmf
Silver Cypher on Daily (plus modified forks for targets)Near a cypher pattern so i did the modified fork X-C-D like always
I saw an arc I liked that also seemed to cup the price well while also intersecting the midline in pink of the fork... My target.
The 618 lvl is the SL
RR of ~1.618 and of ~3... not bad :)
manage your risk accordingly
GL HF
Snoop
NzdUSD, cypher bullish, 2 hourHello Again!
Here we go.
Cypher on the 2 hour time frame.
We got the 15min time frame, cypher patter complete.
And now looking for the D leg, on the big and small cypher patter bullish.
The big one D complete: 0.72365
The smaller one D complete: 0.72690.
ill look for the Smaller one first, and if this one not will complete, the bigger one.
Rsi almost oversold.
Let's wait and see. :)
NZDUSD, cypher bullish 15 min timeframe. In the small World, there will be wins, and trades.
Still wait for the gartley, 1 week.
Are you fast?, let's wait for the dip. And the D point, market have been oversold, let's a few pips more, and we will hit it.
Targets 1: 0.73014
Targets 2: 0.73097
Stop loss: 0.72770.