olly_price
Long

GBPJPY cypher pattern long

FX_IDC:GBPJPY   POUND STERLING / YEN
10 months ago
Getting prepared for a hopeful bullish cypher pattern to form here. 3 points of resistance against the line leading to our entry point, so hopefully we see a continuation of this short-term trend to form the cypher .

Unfortunately not the best risk/reward.

I'll be looking also to see if the RSI is in an oversold (or nearly oversold) position if the price reaches the entry target.
10 months ago
Comment: INVALID PATTERN due to a silly mistake, see below.
forexjunkie33
10 months ago
Hi, this pattern is not a valid cypher pattern m8, you have used the wrong tool for the analysis for this pattern, you have used the xabcd tool instead of the cypher tool.
Reply
olly_price forexjunkie33
10 months ago
Oh yes, I was looking at the extension of the AB leg instead of the XA leg haha my bad! (By the way, I measured it out with Fibonacci's and then just drew the triangles using that tool because it's easier.)
Reply
olly_price olly_price
10 months ago
*Extension into point C
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out