J_Graystone
Long

Cypher Pattern Completion on 240 min

FX:AUDUSD   Australian Dollar/U.S. Dollar
728 9 27
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
Nice charting again Jason!
+1 Reply
Hi @jason would a chpher be valid for you if the B Leg have Retrenchment at 38.2
+1 Reply
Adil, yes, it can touch the 382 but not close beyond the 618
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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
Very nice confluence. Thanks for sharing.
+1 Reply
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
when it closes beyond the 1.414
Reply
This is also my view!
Trade with a good risk/reward in the next few days
Reply
Happy New Year and Christmas
+1 Reply
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