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Cypher

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
Digibyte with BTC pair formed Cypher for upto 72% profit rallyHi, dear friends, hope you are well, and welcome to the new update on Digibyte coin. On the daily time frame chart, the priceline of DGB with Bitcoin pair has completed the formation of bullish Cypher pattern and after hitting the spike in the buying zone it has moved up but I am expecting that it will give us another opportunity to catch it from this potential reversal zone level. There are also 50 and 100 simple moving averages supports in the potential reversal zone. This trade has a big profit possibility of 72%, and the loss possibility is 17%. 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
HARD Protocol formed Cypher pattern for upto 151% profit rallyHi dear friends, hope you are well and welcome to the new update on the HARD Protocol token. On the daily time frame chart, the priceline of the HARD token has completed the formation of bullish Cypher pattern and entered the potential reversal zone There is also 50 SMA in the potential reversal zone and 100 simple moving average support below the buying zone. this trade has a big profit possibility of 151%, and the loss possibility is 30%. 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