Cypher Pattern on NZDUSD Hourly ChartShort up in the sell zone... Classic Cypher Pattern. Take money off the table quick with the holidays approaching.
Short-trading
Shorting EURCAD at important level and "Broken fang"The EURCAD has multiple times hit the important level of 1.463 (purple box) but has now finally broken through it. We look to short it when it retests this level as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at least 1.447. Moving my stops to breakeven when price hits 2/3 of profit.
We can also see that we are currently in a downtrend (Lower highs and lows indicated by the blue lines).
Good luck everyone and as usual, hold your thumbs!
$EURUSD bearish review and trading plan/matrix.Morning everyone, it's a bank holiday in the US, so not sure, what the markets will be like today.
This is a bearish review, so bullish signals are not reviewed here.
1. Minimal retracement already met at 1.12, so the Limit order entrance in case of bearish continuation is not really possible,
2. Bearish engulfing appeared,
3. 1st Sell stop with SL> 1.118 = 1.1141, and TP 1/2pos. at 1.1105
4. 2nd sell stop at 1.10911 with Target at 1.10975, SL>1.112 + timing 45 min
Any questions - welcome
Likes and comments are much appreciated!!!
Wish you a very profitable week!!!
$GBPUSD Possible short setupPlease refer to a chart for details, likes, comments and questions are welcome.
Sincerely
Nice GBPNZD SHORTPrice entered our sell zone and a trade was taken looking to take profit at the previous swings .618
