#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
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
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.
BartoshG fximperija
makes perfect sense, I will amend my Cypher strategy. Thanks buddy
invalid cypher ratios...
fximperija SrikanthTirumalasetty
Oh yes? Would you please show me what is invalid about this cypher, mate
dojitrader fximperija
I'm also interested in WHY ?
Looks "text book" perfect to my eyes.
Wishing pips to us both !!!!!!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out