TomHall
Short

EUR/USD - Bearish Cypher Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
On the EUR/USD             4h chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The price reversal zone on this pair is between 1.0937 & 1.1047
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 Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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Still on the trade?
+1 Reply
TomHall TOP Piet.Hein
No target 1 was taken on this pair and we were stopped out for break even on the second half of the position.
Reply
Piet.Hein TomHall
so, congrats, well done!
Reply
Piet.Hein TomHall
your style of trading is very nice, harmonic, I dont like to trade this way, but I know how to recognize when someone is doing a very good job, you are, keep doing it, congrats.
Reply
Tom what is your opinion on this article? http://www.tradingwithrayner.com/5-problems-harmonic-trading ???

and please add info regarding your course on your website
+1 Reply
I have just had a quick read through.
Trading harmonic patterns is not just picking out a pattern and trading the D leg completion.
If you have a CTS score in place price must have respected other confluence before you look to trade the pattern.
I wont get into it too deep on here as it is not the place for conflict but traders should stick to a strategy they have back tested well.

Reply
Nice found, but don't meeting my rules for stops.
USDJPY: BEARISH BAT PATTERN WITH BEAUTIFUL FIBONACCI CONFLUENCE
+1 Reply
TomHall TOP Felix_Hoevelborn
Always stick to your rules
Reply
Exactly. That's why I am waiting at the sideline on EURUSD :-)
+1 Reply
TomHall TOP Felix_Hoevelborn
Best of luck Felix
Reply
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