FX:GBPAUD   British Pound/Australian Dollar
Make sure to keep this one on your watch list, here we have GBP/AUD             on a 4h chart with a bullish cypher .

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I will be going long from around 1.69200 if we make a higher low at our D point, only time will tell. As always feel free to share any complimentary ideas and leave your opinion on this pair below.
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Great analysis!!!

Can't wait to learn this one myself!
+1 Reply
LewisGlasgow TOP cdschultheis15
Appreciate it mate, you'll be spotting these all day once you do!
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Hi mate ive tried checking this as i trade these aswell and pretty sure your c point isnt valid ? I cant get it to hit 1.272 at all ? hope im wrong though.

all the best
+1 Reply
surefireltd surefireltd
the wick at the peak falls between the 1.113 and 1.272
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LewisGlasgow TOP surefireltd
Are you using the 4 hour chart like shown? I double checked the C point it's valid don't worry. Thanks for pointing it out, it is always good to have another opinion :) all the best to you too!
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surefireltd LewisGlasgow
I still cant get it. Mind you if i cant spot it i wont trade it. Hope it works out !
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LewisGlasgow TOP surefireltd
Ah well it is only a market possibility, I've drawn in using the fib retracement tool and all is well. I'm not sure how you're getting less than 1.272 but thanks for commenting
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surefireltd LewisGlasgow
me neither
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Tosharun surefireltd
Lewglasgow used the XABCD one that the reason he got the 1.317 and surefireltd used the cypher one so he got between 1.113 and 1.272.
This is tricky one :D hope this help.
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BOOgiiee LewisGlasgow
neither can i measure out point C. falls below 1.272. Mind showing how you get ?
+1 Reply
Yeah sure:
snapshot


I hope this clears up any confusion.
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BOOgiiee LewisGlasgow
just to clarify, is this another way to see Point C? An ext from A to B
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I'm not sure what you mean, your C point is a retracement of move A to B
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BOOgiiee LewisGlasgow
Isnt Point C, an ext of XA ?
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Here is how to measure a harmonic pattern:

X to A = B Point
A to B = C Point
B to C = D Point
Final X to A = X to D
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I think it's going lower on this aswell at least 30 pips more than daily low
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We shall see, once we complete the D leg I will re-analyse. What's your analysis for AUD pairs?
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In my opinion

Cypher 60% bcoz it has demand zone in that area
Shark 40% bcoz it has a little support about 1.68320

What reason that you sure it look like Cypher?
+1 Reply
The level of support and a possible channel if we get a bounce off the trendline at our D point. It would create many future opportunities :) I'll keep an eye on the shark pattern though!
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Jayz LewisGlasgow
look fwd.
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great job!!!!
+1 Reply
Thank you, waiting for confirmation to enter!
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