Bearish Cypher on GBPCAD with Candlestick Pattern Confirmation

FX:GBPCAD   British Pound / Canadian Dollar
65 0 0
I decided to experiment and try something new and that is incorporate candlestick patterns into my trading style ( harmonic patterns + chart patterns + structural trading).

Here we have a Bearish Cypher Pattern that I found yesterday (PST). I was looking for a pattern completion around 1.91423. The best part of this completion was that I identified an Evening Star Candlestick Pattern, which is a 3 candle pattern that signifies a Reversal in trend in favour of the Bears. You can take a look at the specifics on this website (http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/EveningStar.html)

Overall, I find that harmonic trading patterns give you an idea of future movements. The chart patterns give you the range and bound, but also predictions on future price movement. Lastly, the candlestick patterns just give a definite confirmation.

Trade wisely, Trade responsibly.
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