TomHall
Short

EUR.USD - BEARISH CYPHER SETUP - 1.0642

FX:EURUSD   Euro Fx/U.S. Dollar
On the EUR.USD 15min 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 1.0642 & 1.0657
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 1.0593
Stop loss would be placed above X leg structure resistance .

Target 1 - 1.0619
Target 2 - 1.0606
Trade closed: target reached
Comment: EUR.USD - x2 Bearish opportunities at 1.0630 & 1.0752
EUR.USD - Bearish Bat & Cypher Setup - 1.0630 & 1.0752
Comment: A pennant formation forming, a potential short opportunity.
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Good afternoon/evening, Tom. Are there any other indicators to eye in foresight of this setup. i.e. rsi convergence or something.? Thanks
+1 Reply
@PjMiz, Good evening, there are many indicators that can be implemented when looking for extra confirmation prior to taking a position.
For me personally patterns and RSI give me an indication of where a market is likely to change direction whether that be short or long term, i then have a separate strategy which i use for pinpointing entry.

I hope that helps.
+4 Reply
Hi tom how about the market, break X point is good to buy??
Reply
TomHall TOP HengkiTjen
@HengkiTjen, Hi,
For me i wouldn't look to buy if it breaks X as it invalidates the setup.
Reply
rr1434 TomHall
@TomHall, why there is no stop loss in your trade
Reply
@rr1434, "X" Point is the stop loss point..
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@rr1434, I don't provide signals on this platform, i can only advise it is above X leg
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Wooow!!! Amazing, Tom! Very presize setup.
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TomHall TOP MarkSterensohn
@MarkSterensohn, Thanks very much!
Reply
Another Great Information... Thank You Tom... All Targets Reached...
+1 Reply
TomHall TOP PasinduRashmika
@PasinduRashmika, My pleasure, thanks for the message.
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Holy cow.. It took a while... But your prediction was very accurate. :o
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TomHall TOP OpalSatiya
@OpalSatiya, Thank you, have a great day.
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Amazing! almost to the point! Beautiful Trade thank you!
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TomHall TOP DavidHansen
@DavidHansen, My pleasure, hope all is well.
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Tom, what do you say on this Gartley pattern EURUSD?
snapshot
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MarkSterensohn MarkSterensohn
ike so
snapshot
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TomHall TOP MarkSterensohn
@MarkSterensohn, It's not something i would personally trade but it is a valid setup.
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@TomHall, you prefer Cypher only, right? :) :) :)
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TomHall TOP MarkSterensohn
@MarkSterensohn, I build a confluence case, so the pattern itself doesn't have a huge effect there are other criteria's that must be met prior to an entry.
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@TomHall, which ones if it isn't a secret!?
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TomHall TOP MarkSterensohn
@MarkSterensohn, I will trade Gartley, Bat's and Cypher setups but they must meet a criteria.
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@TomHall, otherbought/oversold RSI(7) with 20/80? Or smth else?
Reply
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