EUR.CAD - BEARISH BAT SETUP - 1.4031On the EUR.CAD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4031 & 1.4053
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 C to D move.
There is also an opportunity to look for extended targets at around 1.3882
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3963
Target 2 - 1.3920
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EUR.GBP - BEARISH CYPHER SETUP - 0.8738On the EUR.GBP 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 0.8738 & 0.8763
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 0.8658
Stop loss would be placed above X leg structure resistance .
Target 1 - 0.8704
Target 2 - 0.8681
EUR.USD - BEARISH CYPHER SETUP - 1.0759On the EUR.USD 4hr 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 1.0759 & 1.0870
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 - 1.0500
EUR.JPY - Bullish Bat Setup - 121.847On the EUR.JPY 1hr 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 121.847 & 121.594
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 123.450
Stop loss would be placed below X leg structure support .
Target 1 - 122.620
Target 2 - 123.103
GBP.USD - BULLISH CYPHER SETUP - 1.2248On the GBP.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 1.2248 & 1.2198
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 1.2410
Stop loss would be placed below X leg structure support .
Target 1 - 1.2318
Target 2 - 1.2361
GBP/USD Bullish Cypher Pattern (1Hr)Good Afternoon Traders,
A cypher pattern has completed on the GBP/USD 1Hr TF. The C leg came very close to closing above the 1.414 extension, luckily only wicks formed. My stop has been placed at the X leg, which also ties in with other key support/resistance zones.
First target - 1.23227
Second Target - 1.23678
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Thanks and Good
luck! Ike :)
EUR.JPY - BEARISH CYPHER SETUP - 122.702On the EUR.JPY Daily chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 122.702 & 126.402
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 112.415
Stop loss would be placed above X leg structure resistance.
Target 1 - 117.476
Target 2 - 114.460
GBP.USD - BEARISH CYPHER SETUP - 1.2348On 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 1.2348 & 1.2387
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 1.2228
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.2291
Target 2 - 1.2254
EUR.JPY - Bullish Bat Setup - 121.843On the EUR.JPY 1hr 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 121.843 & 121.584
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 123.487
Stop loss would be placed below X leg structure support .
Target 1 - 122.599
Target 2 - 123.067
EUR.AUD - BULLISH CYPHER SETUP - 1.4380On 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 1.4380 & 1.4291
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 1.4640
Stop loss would be placed below X leg structure support .
Target 1 - 1.4509
Target 2 - 1.4590
NZD.USD - Bullish Bat Setup - .6757On the NZD.USD 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 .6757 & .6670
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 .7328
Stop loss would be placed below X leg structure support.
Target 1 - .7034
Target 2 - .7207
AUD.USD - Bearish Bat & Cypher Setup - .7265 & .7253On the AUD.USD 1hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.
Bearish Bat Setup ( Blue ) - D leg completion .7265
Target 1 - .7224
Target 2 - .7200
Bearish Cypher Setup ( Grey ) - D leg completion .7253
Target 1 - .7217
Target 2 - .7195
Bearish Bat Setup: Stop loss would be placed above X leg structure resistance .
Bearish Cypher Setup: Stop loss would be placed above X leg structure resistance .
CPST looking good for a nice play I would shoot for target 1 or 2. Technicals appear to becoming bullish, yet only time will tell. good luck!
GBP.AUD - BEARISH CYPHER SETUP - 1.7098On the GBP.AUD 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 1.7098 & 1.7141
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 1.6947
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.7034
Target 2 - 1.6994
USD.CHF - BULLISH CYPHER SETUP - 1.0240On the USD.CHF 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 1.0240 & 1.0217
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 1.0307
Stop loss would be placed below X leg structure support.
Target 1 - 1.0271
Target 2 - 1.0290
GBP.JPY - BULLISH CYPHER SETUP - 140.595On the GBP.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 140.595 & 138.498
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 146.934
Stop loss would be placed below X leg structure support .
Target 1 - 143.596
Target 2 - 145.447
EUR.USD - Bullish Bat Setup @ Market - 1.0373On the EUR.USD 1hr 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 1.0373 & 1.0366
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 opportunity to look for extended targets at 1.0461
Stop loss would be placed below X leg structure support .
Target 1 - 1.0413
Target 2 - 1.0438
EUR.JPY - BEARISH BAT SETUP - 123.409On the EUR.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 123.409 & 123.628
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 C to D move.
There is also an opportunity to look for extended targets at around 121.874
Stop loss would be placed above X leg structure resistance .
Target 1 - 122.747
Target 2 - 122.323