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Cypher

COMBOUSDT (30M) Cypher Harmonic Long ThermThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and advice givers. It should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations. BINANCE:COMBOUSDT.P
Long
by AliHikmetHarun
XAUUSD bearish cypher patternOn the 4-hour chart, XAUUSD has formed a bearish cypher pattern. During the day, attention can be paid to the resistance line of 2458. If the rebound is not broken, attention can be paid to short-selling opportunities. The downside target is around 2418 of the 0.382 ratio of the CD segment, and if it continues to fall, it will go to around 2393 of the 0.618 ratio. If the price breaks through the resistance near the previous high of 2483, an upward trend will be launched.
OANDA:XAUUSDShort
by XTrendSpeed
EURAUD - A Structure Trading Opportunity With A TwistA look at a structure-based trading opportunity on the EURAUD showcasing 4 different ways to get involved including using a Cypher Pattern as a reason for entry. In this video we taker a full look at why I'm interest in the area and where I'm expecting price to go to if we indeed get some follow through on the trading opportunity. If you have any questions or comments please leave them below and I wish you guys a great and safe week of trading. Akil
Short
by Akil_Stokes
14
AUDUSD 1H TF - Bearish Cypher Harmonic Pattern ALREADY completed**DISCLAIMER** I do not know what I'm doing, this is purely for entertainment purposes from the perspective of the audience; however, educational purpose from my own perspective if constructive feedback is given. Thank you. Fibonacci retracement taken from the X point to A point price action wicks above 0.618 without closing past it forming the B point. From the A to X point, price wicks above the 1.414 extension without closing past it forming the C point. D point is completed at the .786 from the X point to the C point. Target 1 is at the .382 from the C point to D point. Stop Loss is at the 1.13 extension from the X point to C point. HOWEVER, after pattern being completed at the .786 from the X point to the C point it CONTINUED to push beyond the entry point before pivoting. Therefore Target 1 was ADJUSTED to the new .382 from C point to Pivot Point. Assuming .786 entry point, the risk to reward ratio is affected by the adjusted targets: Stop Loss at approximately 24 pips from Entry. Target 1 (adjusted) at 13 pips from Entry giving a 0.54 Risk-to-Reward. Target 2 (adjusted) at 28 pips from Entry giving a 1.16 Risk-to-Reward.
Short
by itmeanspelican
JK PAPE ON next moveWhat Is the Cypher Chart Pattern? The Cypher is a type of harmonic pattern used by traders to identify potential buying and selling opportunities in the markets. Specifically, it’s used to help find areas where a reversal may occur. The pattern is made up of five swing points (X, A, B, C, D) and four legs (XA, AB, BC, CD). It’s characterised by an “M” shape when bullish and a “W” shape if bearish. Traders typically place orders at D to catch the potential reversal. Like other harmonic patterns, the Cypher requires that specific Fibonacci ratios be met before it is traded. However, the ratios used for the Cypher are relatively unique, which makes the formation one of the less common harmonic patterns. The Cypher is also more advanced than other patterns, like the Gartley, Bat, or Butterfly, so you may need to spend some extra time learning how to recognise and trade it effectively. Once you master the skill, however, you’ll find that the Cypher can be a valuable addition to your trading arsenal. JK paper has formed a cypher pattern, and expecting 411 and 550 levels in coming times it also indicate start of 3rd wave of elliot
NSE:JKPAPERLong
by yogesharora2409
AUDUSD bearish cypherOn the daily chart, AUDUSD stabilized and moved upward in the short term. Currently, we can pay attention to the resistance near 0.6780. Once it reaches that level, there may be a chance to form a bearish cypher. Confirm the length of XA band in the chart Point B is the 38.2%-61.8% retracement of XA band Point C is at most the 113%-141.4% extension of XA band Point D is the 78.6% retracement of XC length Point D is the potential reversal area Target is the 38.2% and 61.8% retracement of CD band Stop loss point is above X (0.6871)
Short
by XTrendSpeed
Albemarle Corp - ALB end of correctionAlbemarle Corp has been in an Elliott steep ABC correction all the way down from ATH 335 and might have bottomed at 106 forming a cypher like pattern with: AB = .5 of XA, C extended 1.18 of XA & CD retraced .798 of XC, while this is a minor deviation from a classic cypher .786 (due to a wild wick of a red candle on a day when they announced shareholder dilution) What I don’t really like is ATH C point which should be at least 1.272 of XA. Would consider it to be a correction, and not a major downtrend coz out of ABC wave set, Wc has retraced not more than 1.618 of Wa i.e. length is 186 vs 126, hence – it’s a correction and per cypher pattern it should end as the stock observed several minor swings from 106-110 lows to resistance levels of 130-140. 110-112 recently was a demand zone being an upper band of earlier demand zone 90-112 (Sep’20 – Oct’20 candles) To prove the cypher end of CD retracement I looked more broadly at ALB monthly chart. Over decades history it retraced twice: Apr’09 at fibo .854 and Mar’20 (pandemic) .764 meaning historically the stock gives up 75-85 per cent of preceding growth As of March 24 point D also stands at 80 per cent retracement Tactically it is trading within a downward channel. I would consider long once it breaks the resistance line (the upper green line) with a target first somewhere 194
NYSE:ALBLong
by mike_volk
Gartley and a Cypher brotherhood - short DOWDespite the cluttered chart I think we have a Fib confluence area build around two common harmonic patterns - Gartley 222 (Redish area) and the Cypher (Blue area). Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade. Protecting stop at 1 to 1 then and aiming for some runner that really needs to drop to make our RR interesting.
EIGHTCAP:US30Short
by TheSpringHunter
GBP/CHF - Anticipating Bearish Momentum from Key ResistanceGBP/CHF is forming an Anti-Cypher Harmonic Pattern (XABCD) on the 4-hour chart. This pattern indicates a potential reversal in the current trend. Key Levels and Trendlines: The price is approaching a key resistance area and a 4-hour trendline, suggesting a possible reversal from the bullish momentum. Entry and Stop Loss: Considering the Anti-Cypher pattern and the resistance levels, a prudent entry point for a short position is 1.1385. The stop loss should be placed at 1.14500 to mitigate potential losses. Take Profit Targets: We have identified three take-profit targets TP-1: 1.13235 TP-2: 1.12650 TP-3: 1.12035 These levels align with potential support areas and provide suitable profit-taking opportunities. Conclusion: Based on the analysis of the Anti-Cypher pattern, key resistance levels, and trendlines, we anticipate a bearish momentum from Point D. Traders may consider entering short positions at 1.1385 with stop loss at 1.14500 and targeting TP levels at 1.13235, 1.12650, and 1.12035 respectively. As always, it's essential to closely monitor the market for any changes and adjust the strategy accordingly.
Short
by trading_jupiter
11
GBP/CAD Harmonic Pattern Signals Bearish OpportunityOverview: GBP/CAD has recently exhibited the formation of an Anti-Butterfly XABCD harmonic pattern, concomitant with the price approaching a crucial Resistance area. This confluence suggests a potential Bearish reversal from point D, indicating a favorable opportunity for traders to capitalize on the impending downward movement. Entry Strategy: A prudent entry point for this trade is near 1.72840. This level aligns with the anticipated reversal point, providing an optimal entry opportunity for traders seeking to capitalize on the projected Bearish momentum. Stop Loss Placement: To mitigate potential risks associated with adverse price movements, it is advisable to place a Stop Loss order near 1.72480. This strategically positioned Stop Loss serves to safeguard against unexpected market fluctuations while allowing for ample room for the trade to unfold in alignment with the projected analysis. Take Profit Targets: 1. TP-1: 1.71175 2. TP-2: 1.70525 3. TP-3: 1.69869 Conclusion: In conclusion, the technical analysis of GBP/CAD suggests a compelling Bearish trading opportunity, characterized by the formation of an Anti-Butterfly XABCD harmonic pattern and proximity to key Resistance levels. By adhering to the outlined entry, stop loss, and take profit strategies, traders can effectively navigate the market dynamics and capitalize on the anticipated Bearish movement with confidence and precision.
Short
by trading_jupiter
4