GBPUSD is in a clear bearish trend on 15M, and market gave me a potential entry in order to hop on that bearish trend. Market is forming a potential bearish Advanced Harmonic Pattern - Bearish Cypher, that is perfectly aligned with the bearish trend. Since we are in an establish trend with no recent structure level to the right I'll go for extended targets(retest of NSL and I will trail my 2nd position), with stop above current pullback.
a cypher dont have a B point at 0.7 and a D point at 1.75 my friend
BLUE43
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@BLUE43, i mean a C point at 1.75 this pattern is not a cypher
Aleksandar_Rose
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@BLUE43, For Cyphers it is crucial to look for the close price of B and C point - this pattern is 100% aligned with my rules :)
BLUE43
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@Aleksandar_Rose, ur rules are something, calling something with a name that dont respect the rules from the man you study them and own the property name is another thing. You wouldnt call an Audi a Toyota, or a Fiat a Range Rover, even if its the car family :-)
Aleksandar_Rose
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@BLUE43, I've learned from the source with the right rules, so I don't get your point here?