Bullish Cypher @ 1.42060 Long

Euro Fx/Canadian DollarFXCM

Description

⋅ Apr 9, 2017 7:53 PM

Hey,

Here is a bullish cypher pattern developed on hourly chart of EURCAD pair.

Price already hit PRZ & can be entered if price action supports.

Trade levels are mentioned on chart.

Trade with care,
Gulz

Bullish Cypher

Comments

Alexander_Nikitin

⋅ Apr 10, 2017 2:28 AM

it is not a cypher at all: ps-software.net/learn-the-patterns/

You have taken XABCD tool to draw cyphers. XABCD drawing tool shows the C-point ratio as the retracement/extension of AB. But in CYpher you need the C point extension of XA. Take a Cypher drawing tool to have the correct calculations.

Unlike gartleys, bats and butterflies. Cypher has no variations. It is very strict.

gulz

⋅ Apr 10, 2017 2:43 AM

@Alexander_Nikitin, Thanks for pointing the mistake