GBPUSD Bull Cypher Formation at Market

FX:GBPUSD   British Pound / U.S. Dollar
999 8 26
Bull Cypher Formation Completion at 1.4399

Conventional Targets at 1.4525 and 1.4617

Stops below X which means a large risk for this one. Ill have to see if we can get another reason for entry.

We will have a look at this in this mornings London Live Room.

See you there.

Hey Jason.

Great find.

I've identified the same killzone, but with a CTS score (FIb inv, HTF, FIb ext, MIS). The cypher now puts me on a CTS 10!

Just waiting for double bottom to give a smaller SL.

Happy trading!
+1 Reply
J_Graystone PetriKleynhans
Nice Work!
what u means stop loss below x?
Z_Afiq prince125700
X is 1.4297
+1 Reply
J_Graystone prince125700
Stop loss to go below the X starting point of the pattern. ie. below structure support
athenium J_Graystone
Hi Jason, I like your videos on youtube, they are very informative and at times inspirational. I had a quick question on how you measured your harmonic pattern (cypher) here. I always though that the points B,C and D were to be calculated at the closing of the candles (not the wicks (high/low) although the pattern is usually drawn with the wicks as points.

If thats true then the point B on your cypher only does a ~ 32% retracement where as the requirement for a valid cypher is B a minimum of 38.2%. If you measured it with the candle wicks then it seems to work out...
Hey thanks for your kind comments! I always use the wicks.
Looks good.. :)
+1 Reply
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