GBP.JPY - Bullish Bat Setup - 138.223On the GBP.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 138.223 & 136.472
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 143.648
Stop loss would be placed below X leg structure support.
Target 1 - 140.729
Target 2 - 142.297
Xabcd
HSI SHORT TERM - BULLISH XABCD PATTERN (BAT)Here is my first time in operating XABCD Pattern
Top and Bottom should be near to 0.886,
AB=0.5 XA (0.577) *** chosen
CD=1.618 BC (1.603)
CD=0.886 XA (0.885) *** chosen
BC=0.886 AB (0.886) *** chosen
Affirmed Point D, and already rebound to 0.382
Next Target 23231 (0.618) , 23375 (1), and final target 23608 (1.618)
AUD.JPY - BULLISH CYPHER SETUP - 84.456On the AUD.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 84.456 & 83.740
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 86.700
Stop loss would be placed below X leg structure support .
Target 1 - 85.468
Target 2 - 86.093
EUR.NZD - BEARISH CYPHER SETUP - 1.4882On the EUR.NZD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.4882 & 1.4951
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.4677
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4783
Target 2 - 1.4722
NZD.JPY - BULLISH CYPHER SETUP - 81.407On the NZD.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 81.407 & 80.741
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 83.500
Stop loss would be placed below X leg structure support .
Target 1 - 82.329
Target 2 - 82.890
NZD.USD - BULLISH CYPHER SETUP - .7261On the NZD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between .7261 & .7241
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into .7325
Stop loss would be placed below X leg structure support .
Target 1 - .7290
Target 2 - .7308
AUD.USD - BEARISH CYPHER SETUP - .7645On the AUD.USD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between .7645 & .7777
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7231
Stop loss would be placed above X leg structure resistance.
Target 1 - .7458
Target 2 - .7342
EUR.JPY - BULLISH CYPHER SETUP - 121.597On the EUR.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 121.597 & 121.132
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 123.00
Stop loss would be placed below X leg structure support .
Target 1 - 122.252
Target 2 - 122.657
AUD.JPY - BULLISH CYPHER SETUP - 84.466On the AUD.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 84.466 & 83.736
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 86.600
Stop loss would be placed below X leg structure support.
Target 1 - 85.466
Target 2 - 86.073
CAD.JPY - BEARISH CYPHER SETUP - 87.122On the CAD.JPY Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 87.122 & 87.749
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 85.300
Stop loss would be placed above X leg structure resistance .
Target 1 - 86.254
Target 2 - 85.694
CHF/ZAR downtrendPossible downtrend using the XABCD cypher pattern and I've also used a trendline which shows a downtrend in movement?
Don't really know how to use cypher patterns so guys only give constructive criticism.
Could possibly retest the trendline and go short.
Take care guys and trade safely.
EUR.CAD - BULLISH CYPHER SETUP - 1.3990On the EUR.CAD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.3990 & 1.3904
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4250
Stop loss would be placed below X leg structure support .
Target 1 - 1.4112
Target 2 - 1.4187
EUR.AUD - BULLISH CYPHER SETUP - 1.4081On the EUR.AUD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4081 & 1.4027
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4238
Stop loss would be placed below X leg structure support .
Target 1 - 1.4155
Target 2 - 1.4201
EUR.CHF - Bullish Bat Setup - 1.0662On the EUR.CHF Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.0662 & 1.0621
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.0941
Stop loss would be placed below X leg structure support .
Target 1 - 1.0792
Target 2 - 1.0870
EUR.USD - BEARISH CYPHER SETUP - 1.0757On the EUR.USD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.0757 & 1.0871
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.0400
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0597
Target 2 - 1.0498
EUR.AUD - x2 Bearish Cypher Setups - 1.4205 & 1.4341On the EUR.AUD 1hr chart we 2 potential trade opportunity's at the D leg completion of x2 Bearish Cypher setups.
Bearish Cypher Setup ( 1 ) - D leg completion 1.4205
Target 1 - 1.4137
Target 2 - 1.4094
Bearish Cypher Setup ( 2 ) - D leg completion 1.4341
Target 1 - 1.4221
Target 2 - 1.4147
Cypher setup stop loss would be placed above X leg structure resistance.
USD.JPY - BEARISH CYPHER SETUP - 115.938On the USD.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 115.938 & 116.864
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 113.200
Stop loss would be placed above X leg structure resistance.
Target 1 - 114.640
Target 2 - 113.848
GBP.USD - BEARISH CYPHER SETUP - 1.2570On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.2570 & 1.2732
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.2080
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.2345
Target 2 - 1.2201
EUR.CAD - x2 Bullish Bat Setups @ 1.3868On the EUR.CAD 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat setups.
Bullish Bat Setup ( White ) - D leg completion 1.3868
Target 1 - 1.3929
Target 2 - 1.3963
Bullish Bat Setup ( Blue ) - D leg completion 1.3868
Target 1 - 1.3929
Target 2 - 1.3963
AUD.JPY - BULLISH CYPHER SETUP - 84.924On the AUD.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 84.924 & 84.549
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 86.000
Stop loss would be placed below X leg structure support .
Target 1 - 85.441
Target 2 - 85.769
CAD.JPY - x2 Bearish Cypher Setups - 88.218 & 87.861On the CAD.JPY 1hr chart we 2 potential trade opportunity's at the D leg completion of x2 Bearish Cypher setups.
Bearish Cypher Setup ( Blue ) - D leg completion 88.218
Target 1 - 87.598
Target 2 - 87.213
Bearish Cypher Setup ( White ) - D leg completion 87.861
Target 1 - 87.376
Target 2 - 87.076
Cypher setup stop loss would be placed above X leg structure resistance.