J_Graystone
Long

Cypher Pattern Completion on 240 min

FX:AUDUSD   Australian Dollar/U.S. Dollar
725 9 26
A cypher pattern completion right as a respected wedge pattern support line on the daily.

Looking at this pattern on the 240 min chart, stops would have to be over 100 pips. If that is too much for your rules, then you may be looking at a lower time frame to get involved with a long position on this pair.

Dropping down to the 60, we see that we have a harmonic move ABCD at 7100 even handle
RSI is over sold so you could build up a CTS             score and wait for a re test of structure forming a valid double bottom and use this to get involved.

could be a nice end to the trading year!

Good luck
JakeSummers4x
a year ago
Nice charting again Jason!
+1 Reply
Adil-khan
a year ago
Hi @jason would a chpher be valid for you if the B Leg have Retrenchment at 38.2
+1 Reply
J_Graystone PRO Adil-khan
a year ago
Adil, yes, it can touch the 382 but not close beyond the 618
Reply
Aurelian
a year ago
I have it on my chart like a bat. https://www.tradingview.com/chart/eXx5eEjR/ . based on your chart I start having doubts:). I don t trade cypher so much so I did not see it. I like your work
+1 Reply
Isaiah PRO
a year ago
Very nice confluence. Thanks for sharing.
+1 Reply
rubenparedes20
a year ago
Hello Jason, When the C point in the Cypher is invalid for you? When touch 161.8% or no?. Thanks.
+1 Reply
J_Graystone PRO rubenparedes20
a year ago
when it closes beyond the 1.414
Reply
Prome PRO
a year ago
This is also my view!
Trade with a good risk/reward in the next few days
Reply
AlMak
a year ago
Happy New Year and Christmas
+1 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