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Double Bottom at Cypher completion on GBPNZDHi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target) If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Bunch of clues on GBPNZDHi guys, here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern. Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg. The last bullish candle is the final sign of a possible reversal. We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target) If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
3
EUR.CAD - BULLISH CYPHER SETUP - 1.4352On the EUR.CAD 1hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.4352 & 1.4285 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 1.4550 Stop loss would be placed below X leg structure support. Target 1 - 1.4446 Target 2 - 1.4506
Long
by UnknownUnicorn180388
34
NZD.USD - Bullish Bat Setup - .6982On the NZD.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 .6982 & .6968 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 .7070 Stop loss would be placed below X leg structure support. Target 1 - .7023 Target 2 - .7049
Long
by UnknownUnicorn180388
4
Same Pattern, Two OpportunitiesYou have two potential cypher patterns setting up on the GBPUSD. This is a great example of why I love the cypher pattern. You tend to see them more often in trending markets, then the bat or gartley patterns. The smaller cypher in blue will potentially complete at 1.2455. Minimum stops need to be below X at 1.2420 with traditional target 1 at 1.2502 and target 2 at 1.2531. The bigger cypher in purple will potentially complete at 1.2386. Minimum stops need to be below X at 1.2335 with traditional targets 1 at 1.2459 and 2 at 1.2502. You can also use these as alternate entries for trend continuation. I put out a video yesterday showing how to do this. youtu.be Good luck and Good trading
Long
by tommyb35
EUR.USD - BEARISH BAT SETUP - 1.1193On the EUR.USD Daily 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 1.1193 & 1.1300 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 1.0500 Stop loss would be placed above X leg structure resistance . Target 1 - 1.0865 Target 2 - 1.0662
Short
by UnknownUnicorn180388
27
Two harmonic patterns on the way to complete!Hi guys, here we are on EURNZD and on the 4hr chart we're going through a period of consolidation. As you may know, in this kind of scenarios, harmonic patterns appear very often. On the chart above there's a Gartley and a Bat completing at the same level. If you're a pattern trader you should take this. Stops above X, targets as usual for patterns. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1