TomHall
Long

AUD.USD - BULLISH CYPHER SETUP - .7614

FX:AUDUSD   Australian Dollar/U.S. Dollar
On the AUD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between .7614 & .7578
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 at around .7717
Stop loss would be placed below X leg structure support .

Target 1 - .7663
Target 2 - .7692
Website: http://www.UKForexSignals.com
Become an Affiliate: https://ukforexsignals.idevaffiliate.com
Instagram: http://www.Instagram.com/UK_Forex_Signals
Twitter: http://www.Twitter.com/Tom_H_Official
Facebook: http://www.Facebook.com/UKForexSignals
Sorry to tell you m8, but this is not correct set-up for Cypher pattern..and as you can see it failed you on this trade. After initial move retracment (or pull-back) is to deep and does not follow rules of cypher pattern.
Reply
TomHall TOP CroCanadian
@CroCanadian, Being correct or incorrect would all depend on your rules.
The market is subjective from support and resistance to impulse legs, so as long as a trader has a positive expectancy the trade setups are irrelevant.
Reply
Supported from a long trend line if it hold it would be good trade
Good luck friend
+1 Reply
@a.h1979, We are starting to see a bearish wedge forming, so a potential look lower in the coming hours.
Reply
a.h1979 TomHall
@TomHall, yes
Reply
Works Perfect for a Bearish Deep Crab Setup with 2618 BC at 07698.
+1 Reply
TomHall TOP 4example
@4example, The Crab isn't something i look for but any extra confirmation is a bonus :-)
Reply
are you in? We have divergence on 4hr and 1hr if I am not mistaking
+1 Reply
@Lord1, Looking for more confirmation, you are correct it's a great setup.
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