Trader-Mick

Trader-Mick

Pin bar support with previous support at structure followed by a double bottom with Rsi divergence Good potential buy trigger.

Trader-Mick

1 ) After completing the Bullish bat the market tends to look short on the red zones where the Bearish Butterfly and the cypher pattern could meet. 2 ) Possible sell setups could be taken there.

Trader-Mick

*Chances are to form the Bearish Bat and Bearish Cypher. *Sell setup could be seen at the red boxes. Good luck

Trader-Mick

1* Bullish Cypher will form if Price declines aruond 1.1303 to 1.1000. 2* Wave 3 and 5 divergence shown in AO oscillator. 3* A close below the trendline is important. 4* Buy setup could be around the Blue zone. 5* Blue horizontal lines are projection of BC formed clusters with XD leg ( black horizontal line) ( possible PRZ levels)

Trader-Mick

A complete bullish cypher pattern will take place the price declines to 49.00. Potential Reversal zone will be around 49.00 to 48.35 marked in Green. Target to 50.86 which is the 1st target of the Cypher pattern. 38.2% of CD leg.

Trader-Mick

1) Eurusd on the way to complete perfect Bat Pattern. 2) Potential reversal Zone around 1.1400 to 1.4500. 3) Look for sell setups in Lower degrees. 4) Target to 1.1300 close to Structure support. 5) Good potential trade.

Trader-Mick

1 ) GBPUSD is in Bullish Cypher pattern form. 2) Although the ratios lines in no mans land. 3) Moderate potential reversal around 1.50762 to 1.4853 or within 1.45696 4) Look for bullish setup around there and target will be 38.2% of CD leg around 1.52327

Trader-Mick

GBPJPY Is currently bearish to 182.00. Buy can be taken from 182.00.

Trader-Mick

1) A bearish cypher formation is taking place. 2) Dropping down lower times and looking for sell would be a good idea. 3) Current Upside GPBCAD.

Trader-Mick

A bullish Cypher may take place at 1.11801 confirmed by other Analyst. Now EU seems bearish.

Trader-Mick

Price respecting the channel quite much. It has a higher probability to take off as it rests in previous structure high which became support now ( marked in single GREEN horizontal line ) Price May come down a bit and if the professional money makers decides to long then there is the possible demand zone. Still my cypher pattern is intact. If this line breaks...

Trader-Mick

After a series of lower lows we see the markets making new structure high and then it retraced ( pull backed) and then broker the new structure high. We can see the RSI divergence which means the previous trend is almost dead and loosing out of gas. But hey, Not every RSI divergence work, you need to have additional PA( Price action) to it. A setup like this. I am...

Trader-Mick

Look for EU short setup. The price will retest the previous structure and then go long again.

Trader-Mick

Projected this Bullish Cypher move in the previous week and it proved how it respected the ratios as it continued to rally. Eurusd may seem to be short term bearish and then It will break the resistance and go to 1.5500 around.

Trader-Mick

Eurcad seems bullish for me upto 1.5359 to complete the Bearish Cypher Pattern. However the Weekly chart says a different scenario it closed with Inverted hammer and a spinning top right after that and its on 78.6 which is the death zone. So be careful.

Trader-Mick

Eurcad testing on the light support and forming a Bearish cypher pattern. It might Rally upside to 1.53593 where it completes the pattern also meets the structure Resistance area marked in Red. I will place a pending above and shoot up. But be careful, IN Weekly we got an inverted hammer right on 78.6 and a spinning top. Might be longterm bearish later on.