EUR/USD - Bearish Cypher Pattern

FX:EURUSD   Euro / 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 .

Still on the trade?
+1 Reply
TomHall 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.
Piet.Hein TomHall
so, congrats, well done!
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.
Tom what is your opinion on this article? ???

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.

Nice found, but don't meeting my rules for stops.
+1 Reply
TomHall WirmachenTrader
Always stick to your rules
Exactly. That's why I am waiting at the sideline on EURUSD :-)
+1 Reply
TomHall WirmachenTrader
Best of luck Felix
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out