AUDJPY. Cypher for FX:AUDJPY by Alexander_Nikitin

TradingView

1071 views

Hey, guys. A cypher is setting up. If price goes a bit lower I will enter long. If traded correctly cyphers are very accurate. I attach a screenshot of this trade with entries, stops and targets in comments.

Apr 10

Trade active

Apr 10

Trade closed: target reached: first target is hit

✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

✅ Join my free trading channel: https://t.me/mpstrade

Related Ideas

about AUDJPY 7

about AUDCAD 2

about USDCAD 3

wasnt the target here 83.338? It did not hit the target.

azm1

@azm1, This is the diffenrence between successful traders and losers. Successful traders no the methodology in its full: http://ps-software.net/learn-the-patterns/ while losers only know the part of it.

In this particular case we had target adjustment as price reversal took place lower than the predicted D-point: http://prntscr.com/euzp9v

Alexander_Nikitin

@Alexander_Nikitin, Thank you for reply! Indeed my fault not reviewing it before trading. Lesson learned.

azm1

@azm1, You are welcome:)

In the screenshot you have two blue marks. Are you buying from both or are they just defining the buying rage? Thank you.

vladverbovskii

@vladverbovskii, Here are the rules: http://ps-software.net/learn-the-patterns/
Read it till the end. There're trading tips in the end.
The first mark is 90% CD leg completion. The second one is full completion and order place.

I was wondering... our software's stop loss accounts for spreads?
Thank you.

ivnamei

@ivnamei, No. It gives the exact fib number. PatternTrade accounts for spread when it places orders. It places 1 spread above bullish stop or 1 spread above bearish targets.

This pattern was found by Pattern Search Software: http://ps-software.net/pattern-search-software/

PS Software draws patterns with entries, stops and targets in your my4 platform automatically. Here's the screenshot of this trade: http://prntscr.com/euizdl