TomHall
Short

EUR.CHF - BEARISH CYPHER SETUP - 1.0742

FX:EURCHF   Euro Fx/Swiss Franc
4 months ago
On the EUR.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between 1.0742 & 1.0758
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.0695
Stop loss would be placed above X leg structure resistance .

Target 1 - 1.0720
Target 2 - 1.0707
4 months ago
Comment: EUR.CHF - D leg is now complete at 1.0742
4 months ago
Comment: Target 1 attained if you went short at 1.0742
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PasinduRashmika
4 months ago
i entered this trade ... with your advice only profit no Loss.. Great Work Tom.. Thank's a lot For your analyse.
+1 Reply
TomHall TOP PasinduRashmika
4 months ago
@PasinduRashmika, I wouldn't advise shorting until a minimum of 1.0742 however if you have scalped profit then that is great :-)
Reply
PasinduRashmika TomHall
4 months ago
@TomHall, No no tom i did't mean this trade.. it's for your previous trades.. both of your analysis profitable...
+1 Reply
TomHall TOP PasinduRashmika
4 months ago
@PasinduRashmika, Oh sorry, that's great to hear i'm glad you've made money in the market.
Have a good rest of the week.
Reply
OrniinKhun
4 months ago
is D 127.2/
+1 Reply
TomHall TOP OrniinKhun
4 months ago
@OrniinKhun, I have attached below for you a basic explanation of the patterns i trade.
+1 Reply
TomHall TOP OrniinKhun
4 months ago
@OrniinKhun, The Gartley Setup - Explained

How To Trade The Gartley Pattern.
+1 Reply
TomHall TOP OrniinKhun
4 months ago
@OrniinKhun, The Bat Setup - Explained

How To Trade The Bat Pattern.
+1 Reply
TomHall TOP OrniinKhun
4 months ago
@OrniinKhun, The Cypher Setup - Explained

How To Trade The Cypher Pattern.
+1 Reply
OrniinKhun TomHall
4 months ago
@TomHall, yeah okay now i see, thank you !
+1 Reply
TomHall TOP OrniinKhun
4 months ago
@OrniinKhun, My pleasure.
+1 Reply
OrniinKhun
4 months ago
nearly enter... now can i enter?
+2 Reply
TomHall TOP OrniinKhun
4 months ago
@OrniinKhun, It is now a valid setup.
If it fits your rules then execute the position.
+1 Reply
OrniinKhun TomHall
4 months ago
@TomHall, executed
Reply
blissfleming
4 months ago
Thank you sooo much for explaining the patterns! To your interpretation and I understand. But seriously I've been trying to figure those out and so have my father and now I finally get it thank you so much for your explanation!!
+1 Reply
TomHall TOP blissfleming
4 months ago
@blissfleming, My pleasure, please note the rules are only basic and are my own view on the market so you should backtest it to make sure it works for you.

Best of luck in the future.
Reply
MarkSterensohn
4 months ago
Very nice recognized, bravo man!!!
+1 Reply
TomHall TOP MarkSterensohn
4 months ago
@MarkSterensohn, Thanks very much mate
Reply
MarkSterensohn TomHall
4 months ago
@TomHall, but acctually not a good idea to go short, because price is above SMA50, EMA100, EMA200. Also the price hasn't gone below EMA 200 (H1) .It has just broken pivot point R1 again. In fact we're in up- trend. But maybe next time or to try from 1.07629 level.( R2)
I guess the banks watch out strong the 200 EMA line.
+1 Reply
TomHall TOP MarkSterensohn
4 months ago
@MarkSterensohn, If it doesn't fit your rules then simply look for the next opportunity.

For me personally I don't focus on banks, funds or independent traders, If the strategy you implement is well backtested and has an edge over the market then that's all you need.
+1 Reply
MarkSterensohn TomHall
4 months ago
@TomHall, you're right. i'm wrong.
Reply
TomHall TOP MarkSterensohn
4 months ago
@MarkSterensohn, It's not that I'm right mate, there will be occasions when you will be however I simply know my edge over the market.
+2 Reply
MarkSterensohn
4 months ago
congratulations to you! your 1 st target hits! you are the best!
+1 Reply
TomHall TOP MarkSterensohn
4 months ago
@MarkSterensohn, Thanks very much :-)
I hope your week is going well.
Reply
MarkSterensohn
4 months ago
Tom, is this Cypher too late to trade? Thank you very much!

snapshot
Reply
TomHall TOP MarkSterensohn
4 months ago
@MarkSterensohn, Hi Mark, Yes it wouldn't be advised to open the position now.
+1 Reply
MarkSterensohn TomHall
4 months ago
@TomHall, thank you very much!
Reply
TomHall TOP MarkSterensohn
4 months ago
@MarkSterensohn, My pleasure.
Reply
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