Parmenides
Long

Bullish Cypher on AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Found a nice bullish cypher on AUDUSD             . The risk and reward for the first target isn't exactly 1 to 1. But, As we are on the
shelf of structure, we might see a rally up to 0.618 CD retracement.
riskmode is correct. the minimum XA extension for cypher is 1.272. Not 1.13. But you were on the right track. there is a valid bull cypher here. see my post.....
AUDUSD: Potential Bullish Cypher......Again!
+1 Reply
Parmenides EverythingForex
Thanks for the information, everything i found on the internet points to the minimum as 1.13. Maybe it's time to backtest and see the differences between both of the harmonic ratio.
Reply
Ahhh...the internet! Taking the whisper game to the extreme! Here's the fact coming from the source of the cypher himself. Akil Stokes works with Jason Stapleton who discovered the Cypher pattern. So you can rely on what he says is the absolute truth. If you haven't, you should take his course on harmonics and trading in general. It's excellent.
A COMMON CYPHER PATTERN ISSUE
+1 Reply
This isn't a cypher
A COMMON CYPHER PATTERN ISSUE
Reply
Parmenides riskmode
Actually, i've used the extension tools to verify that the C is leg is between 1.13 to 1.414 extension of XA leg. I just like using the default tool to draw the pattern.You may check your check your chart to see if i've incorrectly drawn the C leg.
Reply
riskmode Parmenides
The minimum extension for a cypher is 1.27 not 1.13. As stated in the link
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out