Cypher
GBPJPY, 4hr tf, bearish cypher pattern
As you can see there is also bearish cypher pattern in play which could fuel further downside on this pair.
I think the target will be at 149.50 in order to price make another pattern for retracement.
For now we will just focus on the downside because we don't know where price will stop the drop in the future.
Sell GBPJPY 151.70
Stop loss 152.30
Take profit 149.50 (3.6R)
Use only 1-2% risk
Good luck
AUDUSD, 4hr tf, bearish cypher pattern
We saw a potential bearish cypher pattern on this pair.
This 0.7780-90 area could be potential reversal zone. Also AUDUSD has been holding 0.7810-20 area as resistance very well. Only a close above those area could trigger more buyers into this pair.
For now, as long as price below 0.7810-20 we could expect price to go down.
Sell AUDUSD 0.7785
Stop loss 0.7825
Take profit 0.7705
Use only 1-2% risk
Good luck
EURAUD BULLISH CYPHERLONG trade analysis on EURAUD .
Graph is creating Triangle Pattern and its looking bullish from lower trendline . Price is about to complete Bullish Cypher Pattern and will rise . Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
BTC forming an Inverse Head & Shoulders pattern?Not investment advice. Not a professional.
IDEA: BTC completed a Bullish Cypher Harmonic , so likely up a bit for now at the very least.
Previous post proposed possible Expanding Symmetrical Triangle forming. I'm in the camp that would be bet this Bull Run isn't over yet but a larger correction will happen at some point in the near future before we make any more meaningful moves up. I'll never say never, but a dip to $40k or below rn just seems a little out of reach given the current market sentiment IMO.
If I had to bet, I'm thinking we're currently forming the HEAD of an INVERSE HEAD & SHOULDERS PATTERN . Just like the stock market, I don't think BTC is quite done consolidating yet. I think we'll see one more Bull Trap to a slightly higher high around $68k > a modest pullback > then off to the races again.
Or I'm completely wrong, who knows. Cheers.
BTC - Possible Path?Not financial advice. Not an expert. Here to learn.
Would appreciate hearing from knowledgeable folks about whether or not this chart/idea has any legitimacy.
Pitchfork starts with March dip. Edges set at start of parabolic upswing (R) & at January peak (L)
Small RED Channel is what I'm using as the trend line that must maintained in order to justify that current impulse wave might not be over
Other channels created by extending recent trend lines backwards
Bullish Cypher Harmonic
Suggested scenario: we're in a rising top, potentially forming an Expanding Symmetrical Triangle
AAPL Pushed Back By Bearish Cypher After Earnings Hype RallyApple had a hype rally in the Post-market after a beat in earnings but all gains were quickly lost after hitting the 0.786 Fibonacci Retrace and now we have confirmed Hidden Bearish Divergence on the MACD. I expect that Apple will trade lower to fill 1-2 of the gaps it created on the way up.