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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Lewis Glasgow, Creator of Six Figure Capital.

Related Ideas

Great analysis!!!

Can't wait to learn this one myself!
+1 Reply
lewglasgow PRO cdschultheis15
2 months ago
Appreciate it mate, you'll be spotting these all day once you do!
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surefireltd
2 months ago
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
2 months ago
the wick at the peak falls between the 1.113 and 1.272
Reply
lewglasgow PRO surefireltd
2 months ago
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!
Reply
surefireltd lewglasgow
2 months ago
I still cant get it. Mind you if i cant spot it i wont trade it. Hope it works out !
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lewglasgow PRO surefireltd
2 months ago
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 lewglasgow
2 months ago
me neither
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Tosharun surefireltd
2 months ago
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.
Reply
BOOgiiee lewglasgow
2 months ago
neither can i measure out point C. falls below 1.272. Mind showing how you get ?
+1 Reply
lewglasgow PRO BOOgiiee
2 months ago
Yeah sure:
snapshot


I hope this clears up any confusion.
Reply
BOOgiiee lewglasgow
2 months ago
just to clarify, is this another way to see Point C? An ext from A to B
Reply
lewglasgow PRO BOOgiiee
2 months ago
I'm not sure what you mean, your C point is a retracement of move A to B
Reply
BOOgiiee lewglasgow
2 months ago
Isnt Point C, an ext of XA ?
Reply
lewglasgow PRO BOOgiiee
2 months ago
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
Reply
fali4209
2 months ago
I think it's going lower on this aswell at least 30 pips more than daily low
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lewglasgow PRO fali4209
2 months ago
We shall see, once we complete the D leg I will re-analyse. What's your analysis for AUD pairs?
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Jayz
2 months ago
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
lewglasgow PRO Jayz
2 months ago
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 lewglasgow
2 months ago
look fwd.
Reply
Sarris
2 months ago
great job!!!!
+1 Reply
lewglasgow PRO Sarris
2 months ago
Thank you, waiting for confirmation to enter!
Reply
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