FX:GBPJPY   British Pound / Japanese Yen
a potential cypher pattern is setting up
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Comments

I don't trade harmonic patterns though I trade using price action as the basis of my analysis and I concur to your analysis of price direction in the short term.
+2 Reply
@Alasa, A cypher pattern is not a Harmonic pattern, man.
Reply
Alasa Alexander_Nikitin
@Alexander_Nikitin, ok thanks for the info. I don't trade cypher patterns either just pure price action
Reply
@Alasa, Cypher is a priceaction setup.
Reply
Alasa Alexander_Nikitin
@Alexander_Nikitin, this pattern makes use of fib retracement and extension levels and I don't use Fibonacci levels in my trading. I use support and resistance and supply and demand in conjunction with chart patterns. But whatever makes a trader makes consistent profits is all that matters.
Reply
@Alasa, it only based on price. nothing else
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Great Analysis. 127.36 good structural Level. definitely revese in this Point. i m going to take this trade. thanks
Reply
@Abreham, you are welcome
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Great work aud thanks
Reply
@muradkhn93, my pleasure
Reply
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