FX:AUDUSD   Australian Dollar/U.S. Dollar
210 6 0
Bearish Cypher pattern forming on 60min chart. Sell at D completion. 1st target at 0.9114.

Best regards
JamesCorreia
3 years ago
1st target hit! Move SL to breakheaven.

Best regards
Reply
vonluke
3 years ago
I am sorry but I do not want you to be wrong. this is nor Cypher pattern because A to C i now 1.764. Cypher numbers are A to C 113-141.4. It can not be higher than 141.4. Be careful and good luck
.
Reply
JamesCorreia vonluke
3 years ago
Hi there vonluke. Please check the numbers in your chart, you will see the Cypher is correct. The template that TradingView uses for patterns it's not compatible for Cypher's so the numbers are wrong, but if you check it for yourself you will see that the Cypher is valid. Also, the C needs to touch 127.2% always, 113% is not enough.

Best regards
Reply
vonluke
3 years ago
You right the numbers are not the same. Hmm... I just start with Trading view few days ago and now I am little bit confuse. The number 113% worked before for me so I want just share it with you.\
Reply
JamesCorreia vonluke
3 years ago
This is because the Cypher pattern is very recent, only discovered March last year. It gives wrong numbers because it's the only pattern where C crosses A. It's fine with all the other patterns. I have backtested and I had too many failling Cypher's with C at 113% so I found it not worth it. But I will take your opinion in consideration and run another backtest in to double check it.

Thanks for your intel, always welcome!

Best regards
Reply
JamesCorreia
3 years ago
Both targets were hit.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out