AShayo
Short

AUDUSD Bearish Cypher Sell@0.9260

FX:AUDUSD   Australian Dollar/U.S. Dollar
61 5 1
Sell AUDUSD             @ 0.9260/62 Set 1st target at 10 pips and 2nd target at 0.9236
If you're interested, you might want to take a look at
this page:http://neoharmonics.com/learning/chapter-2-fibonacci-harmonics/
Scroll down almost to the bottom and it gives a very simple but accurate
pic of a Cypher. My rules are somewhat different but it shows the basic pattern.
For me, A to B must be at least .382 but under .500 once it reaches .500 it is
more likely a Shark or a Bat pattern.If/ And Point C must be at least 1.27 fib ext of X to A
but no more than 1.414. So! by my rules of engagement this particular pattern
does not have the harmonics that I require for a trade. Some might call it a Bat
but, that places D at the .886 which to my eyes is a much better test of resistance.
That would make this a reasonable set up to short @ around .9269 and would require
small risk to know it it was gonna work. Almost anything above .9280 and I suspect
the market is up to something higher.
Wishing you lots of pips in your pocket for 2014 and beyond !!!!!!!
Reply
AShayo dojitrader
I will keep all that in mind next time.
The page neoharmonics is just great ! I am printing out all those patterns.
Thanks a lot dojitrader !
Reply
You're welcome !!!
This is also a great webpage:
http://harmonictrader.com/
You can download the pdf for free.
Best wishes ~~~~~~~
+1 Reply
for a valid Cypher Pattern Extension of XA need to close candle at least below 1.272 but not below1.414 - BC must close below A otherwise its a Double Buttom
Reply
AShayo stickdog
Yeah... I think I missed that. Thanks !
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out