TomHall
Short

EUR.NZD - Bearish Cypher 1.6833 & 1.6892

FX:EURNZD   Euro / New Zealand Dollar
Currency pair - EUR.NZD
Chart timeframe - 1hr
Area of interest - 1.6833 & 1.6892
Chart pattern - Bearish Cypher

Potential target 1 - 1.6753
Potential target 2 - 1.6702
Potential extended target - 1.6667
Comment: D leg completion at 1.6833
Hi , is this one still valid ? thanks
+1 Reply
@MAKDXB, The chart setup is no longer valid as price has exceeded X
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Hit SL ?
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TomHall deepakt
@deepakt, Hi,

I haven't personally entered this position as i am short on NZD.JPY
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Hey Tom, is this still valid? seems to have crossed X?
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seunao seunao
sorry not yet at X
Reply
@seunao, Hi,

That's correct now invalid due to a break above X
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Hi tom, I am confused about pattern criterias. C leg must not exceed 1.414 of A leg right? In this idea it is 1.515 of A Leg. According to this, pattern is not Cypher. Am I wrong?
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@spyrex, I have attached below my chart showing the fibs for C leg i am unsure where you have drawn yours from.

Reply
spyrex TomHall
@TomHall, I draw with XABCD pattern, I realize that I should use Cypher pattern tool. These two tools ratios are different.

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