EUR/USD - Cypher Pattern

FX:EURUSD   Euro / U.S. Dollar
1339 9 42
EUR/USD             - 4h Chart - Cypher Pattern
Cypher Pattern - D leg completion at 1.1163 - Bullish Pattern

Price is now approaching the B leg support level between 1.248 & 1.122
If price can break below this B leg support level there is a strong probability we will get a D leg completion at strong historical support.

Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed below X leg structure support ..
Become an Affiliate:
Do you have a youtube channel or a course explaining these patterns? also generally what are your risk:reward on these?
+1 Reply
How To Trade The Cypher Pattern.
hi tom i saw this pattern somewhere too, but what time frame is this .
+1 Reply
TomHall lea.lemon.7
It was drawn on the 4h chart.
Target 1 attained, stop loss moved to break even awaiting target 2 at 1.1340
Great chart Tom... Trying to understand better for my own learning. Can you give me a hint as to what the 1.1163 level correlates to? Can't see it at the minute...
TomHall alr14uk
The 1.1163 is the price at which point i will get long ( Buy ) as the D leg of the Cypher Pattern completes.
alr14uk TomHall
Sorry, I get that... I mean why is that level the target?
TomHall alr14uk
Advanced patterns are based on Fibonacci numbers and ratio's.
Once price hits these Fibonacci levels it is then classed as a valid pattern, at which point you would place a trade in anticipation that the price will reverse in your favour.

I hope this helps a little more.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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