Get started

Cypher

CHFJPY | Perspective for the new week | Follow-upThe price moved over 100pips in our favour since the counter-trend opportunity (see link below for reference purposes) before what appears to be a gradual change in structure that supports completion of a Reversal pattern. Recall that I warned against factors that might disrupt the previous set-up thereby giving way for a rally continuation (see my penultimate publication in the link below). Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Reversal pattern | Harmonic (Cypher) Observation: i. The Bearish run that began on the 17th of February 2021 found a Bottom @ Y116.000 and since then the price has continued to find Higher highs that culminated in a successful Breakout last week Thursday. ii. Between the 1st and 10th day of March 2021, the Key level @ Y116.850 experienced selling pressure which finally saw a Breakout with signs that a new trend might have begun! iii. In this regard, I have identified two key areas to take advantage of the new trend and this is illustrated on the chart as Buy window I & II. iv. With the present pattern @ Y117.400, we might see a dip below my key level @ Y116.850 (corrective phase) hereby transposing into a Cypher pattern before the rally begins. v. Whatever happens, anywhere above Key level shall be a good area of confirmation. Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 4 to 10 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
XEM (NEM) forming harmonic Shark pattern for upto 670% big moveHi friends hope you are well, and welcome to the new update on XEM (NEM). From the 1st detailed videos on XEM, I have been telling you that once the priceline reaches the support of broadening formation and in the buying zone of BAT pattern, then watch for the MACD and stochastic to turn bullish then buy within the buying zone of BAT, but the price action broke down the BAT’s potential reversal zone and the support of the broadening formation as well and macd and stochastic are continuously very very bearish and giving strong sell signals. A possible Shark pattern: Now if we switch to the 2-day chart then the priceline is completing the final leg of bullish Shark therefore we can wait for the priceline of XEM to enter the buying zone of this Shark pattern and then wait for the daily MACD and Stochastic to turn bullish or at least weak bearish then place our buying orders. There is also good support of 200 simple moving average in buying zone. Buying and sell targets for Shark move: The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be: Buy between: $0.2445 to $0.1017 Sell between: $0.4331 to $0.7836 The maximum extent of potential reversal zone can be used as stop-loss that is to $0.1017 Possible profit and loss ratio: As per the above targets, this trade has a huge profit possibility of 670%, and the loss possibility is also big that is 59%. A possible bullish Cypher pattern: Now there is another possibility with the move of XEM, because, in 2-day time period chart, the priceline of NEM has also completed a formation of bullish Cypher. Now if on the daily time frame chart the price action does not complete the final leg of Shark and we receive the bullish signals by the MACD and Stochastic, then our buying and sell targets should be as per bullish Cypher pattern which is as below: Buy between: $0.4804 to $0.3475 Sell between: $0.5853 to 0.8367 As per the above targets, this trade will also have a good profit possibility of 140%, and the loss possibility is also big that is 28%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
5
XEM completed Cypher for upto 140% moveA possible bullish Cypher pattern: In 2-day time period chart, the priceline of NEM has also completed a formation of bullish Cypher. There are also good supports of 25 SMA and 100 simple moving averages in buying zone. Now if on the daily time frame chart the price action does not complete the final leg of Shark and we receive the bullish signals by the MACD and Stochastic, then our buying and sell targets should be as per bullish Cypher pattern which is as below: Buy between: $0.4804 to $0.3475 Sell between: $0.5853 to 0.8367 As per the above targets, this trade will also have a good profit possibility of 140%, and the loss possibility is also big that is 28%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
3
IOTA formed Cypher for upto 26% rallyHi friends, hope you are well, and welcome to the new update on the IOTA coin. On the daily time frame chart, the priceline of IOTA formed a bullish Cypher pattern. After completing the leg it has moved up, it may give us another chance to catch from this buying zone. this trade has a big profit possibility of 26%, and the loss possibility is 7 %. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
NZDUSD | Perspective for the new week | Follow-upPrice continues to play out in accordance with expectations as it moved over 300pips in our direction since my last publication (see link below for reference purposes). As the majority foretell a risk of further decline in the Kiwi in the coming week(s), I beg to take the opposite direction and maintain a Bullish bias on this pair. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Harmonic (AB = CD) pattern Observation: i. In the last 13 weeks, Buyers have found a niche around NZ$0.71000/0.70500 hereby making this area a strong Demand level. ii. We have experienced a sharp decline in price in the last two weeks after the Kiwi hit a peak of NZ$0.74650 in late Feb. 2021. iii. At this juncture in the market, it is impossible to ignore the pattern the decline has formed on its way down to the Demand zone - a Harmonic (AB = CD) structure. iv. ABCD pattern with parameters explained below; a. Leg A-to-B appears to be in harmony with the C-to-D leg. b. The B- to-C leg falls at 38.2% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ NZ$0.71000/0.70500 area. iv. Considering the stronghold of NZ$0.71000/0.70500 area by buyers in the past, the AB = CD pattern makes a "good" reversal set-up at this juncture in the market as I anticipate a Breakout/Retest of my Key level @ NZ$0.71850 to join the rally (any area above Demand area is good for me). v. If the price moves as expected and reaches the Supply zone, It is advisable to lock in profit to avoid getting caught up with selling pressure and note that a further Breakout of NZ$0.73000 might confirm a rally continuation. Trading plan: BUY confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Cardano completing Cypher pattern for upto 53% rallyHi dear friends, hope you are well and welcome to the new update on Cardano. On the daily time frame chart, the priceline of ADA is completing the formation of bullish Cypher pattern and soon it will be entered the buying zone. this trade has a big profit possibility of 53%, and the loss possibility is 13%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
1
Bitcoin ready to make harmonic pattern and inverted HnSYou see on the chart bitcoin fall in some periode of hour. I look on the chart there are two possibility chart pattern in bitcoin. The first one is bullish cypher harmonic pattern and the second is inverted head and shouder. We will wait together and see to the bottom of the price to make reversal. To find the reversal price I use support and resistant combine with internal retracement Fib (X-C : 0.618 and 0.786) and external Fib (B-C : 1.272 and 1.618) (mark with rectangle area). If you have any idea feel free to discuss together. Disclaimer on! do with your own risk
Long
by YogaID
2
EURUSD - LONG (BUY LIMIT) ENTRY PRICE - 1.19900 The impulse to the North has been completed @ 1.22400. A return impulse to the South has formed. Price is going down to the next Demand Zone to complete the Cypher Pattern. Be ready to buy on a pullback @ 1.19900! ENTRY PRICE - 1.19900 SL - 1.19450 TP1 - 1.20850 TP2 - 1.21400 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader
2