Potential Cypher @ 1,1353

FX:EURUSD   Euro / U.S. Dollar
279 8 12
If we get up to 1,1353 before breaking the C-point we have a completed Cypher pattern .

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye..

Good luck to everybody in the markets.
Order cancelled: pattern never formed, keep looking
Dear friend , for patterns you should have a confirmation first else you can't be sure about them,... the confirm can be broken trend line or breakouts.That is the reason that the pattern didn't work here: You had no confirmation.
Good Luck
I think there are as many trading rules as there are traders. My trading plan, and what I have back tested does not require anything else but a completed pattern. I do not concern myself with the probability that a pattern is formed or not, merely the probability of the outcome once IT IS formed.
Thanks for your comments, have a great day.
Leilahz johan.larsson
You are write, trading rules are different & the important thing is being loyal to strategies.
Thanks, You too have a nice day.
thanks Shah....
HI, Sorry i am newby, even this Cypher Patterns are new to me. Last Friday we had a Fundamental analysis with great impact on the USD, Working the technical analysis above the fundamental issues can that be good, or it doesn't matter?

I made my analisys bases on 4H chart and it looks like we are in a uptrend until 1.14663. But has i said i am new and i don't have a clue if i am right or not.

johan.larsson Zescaleira
I am new too, I prefer to call it "less experienced" though :)
I don´t trade based on fundamentals, however, I do takn into account when major news is to be released.
Thanks for your comment.
Zescaleira johan.larsson
Ty for your time and good trades!!
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