Akil_Stokes
Long

EURUSD 4HOUR - BULLISH CYPHER COMPLETION

FX:EURUSD   Euro / U.S. Dollar
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After yesterdays news/non-news which we call the FOMC statement. We've seen some of the USD pairs push lower. The push lower on the EURUSD             as allowed price to complete what is called a Bullish Cypher Pattern

Akil
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Hey akil, didn’t know whether to see excited to see that you were looking to get involved with the same cypher, or to be nervous because of the tradingview kiss of death since you shared it. LOL. JK. Always glad to see your posts
+1 Reply
Akil_Stokes RonSublett
@RonSublett, Sorry Ron, seeing and responding to this very late
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Beauty. DXY prints a lower high today w/ a bear cypher (confluence)
E.U. also puts in a lower high (which could qualify as a 'whammy' double bottom (naked trade) formation.
+1 Reply
Akil_Stokes paulsandhu
@paulsandhu, Be careful with judging what happens on one pair off of what's happening on another
+1 Reply
agree with that..
+1 Reply
@allan18, Thanks
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going for the pullback?

DXY is pumping hard
+1 Reply
@majorlee, I personally don;t see any value in using correlations
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Wave-Trader Akil_Stokes
@Akil_Stokes, In my opinion you should it will give you broader understanding of the market and things will be more clear for you. This chart is for example only mate.
+2 Reply
Akil_Stokes Wave-Trader
@Wave-Trader, I appreciate you sharing your opinion. I won't give a long winded answer (I already have a lot of podcast and videos discussing the subject), but as a trader it makes no sense to do so in my opinion. What's happening on one pair (battle) provides very little if any information on what's happening on another in my opinion. Again, I'm not saying they don't exist, but even in the example you shared above, because the EURUSD is doing something, doesn't mean I should trade the USDCHF unless it give me an independent reason of it's own
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