fximperija
Short

#CADCHF bearish cypher & bat

FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF             breached the descending channel . Bearish cypher just above the last high. Bearish bat at structure of previous swing high.
Update: Pa shot through the cypher completion and completed the bat. Bearish bat in progress
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this Cypher can't be any more perfect
@fximperija can you please tell us how you manage SL on cyphers ? they usually have very low R:R ratio especially if aiming above X. Thanks
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fximperija BartoshG
As you can see, cyphers have LLs (bullish ones have HH) so PA should not exceed the res./supp. at X making it a better RR by placing stops at structure around X. Another characteristic is, they tend to turn PA at completion level.
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BartoshG fximperija
makes perfect sense, I will amend my Cypher strategy. Thanks buddy
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invalid cypher ratios...
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fximperija SrikanthTirumalasetty
Oh yes? Would you please show me what is invalid about this cypher, mate
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dojitrader fximperija
I'm also interested in WHY ?
Looks "text book" perfect to my eyes.
Wishing pips to us both !!!!!!
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