J_Graystone
Long

Back to Back Cypher Patterns EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
608 5 20
After getting involved with the bearish Cypher pattern during our London Live Room this morning and hitting both targets banking 70 pips, market continued down and entered us into this bullish cypher pattern!
What a week for patterns its been!

Looking for targets at 1.0876 and 1.090

www.tradeempowered.co.uk

ropri4
10 months ago
Good one. Thank you. You think this wave will burn out around 1.960ish?
Reply
boukhriss.yosra
10 months ago
Buy now ?
Reply
davidarwen
10 months ago
Hi Jason,

I have similar setup, but I cancelled the buy limit, because according to my trading plan when a huge leg come down to the D completion point, I won't take the trade. The reason is that there will be a high possibility that the leg will travel further to the X point. Is that bad? I know the pattern is still valid, but it is more a phycology thing to me. To adjust the entry point between D and X at a minor structure is like kind of cheating, seems missing the Cypher concept.

Yes, indeed a good week. Patterns and Trend continuation. Yesterday already took profit 300 pips and today 150 pips, and meter is still running. Had a good ride on the EURGBP and Aussie Canada, Now riding again on Aussie Canada trend continuation to the Fib confluence zone, with potential extended target (another Fib confluence zone), at the side track a bearish bat pattern (only targetting 0.382).

good trading

Reply
mendrinvest
10 months ago
I missed the entry by 1 pip...un-believable.
Reply
Seno3
10 months ago
Hi Jason! Nice Cypher Patterns you've checked. I have one question. What Fib extension level invalidate your Cypher patter? Here we got to 1.414, what about 1.6 and more? Therefore is this following Cypher on GBPJPY for you?
snapshot
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