FX:NZDUSD   New Zealand Dollar / U.S. Dollar
490 5 0
Is this a valid Cypher Pattern? Can someone verify please?
Thanks!
I think this pattern is gonna fail, beacuse the C leg is to short, it should have reached 1.41.
Reply
no. C must reach 1.271 , but can not close on 1.414
+1 Reply
Some would debate that this is a valid Cypher because the A to B leg is too
deep (beyond 50% retrace) and that makes the harmonics off kilter and lowers
the .786 which may raise the risk-reward, although not so much in this trade.
I would rather put my money on this Bat pattern. It has much better harmonics =
using the entire swing high to low and puts point D right into resistance.
I've noticed with Cyphers - especially Cyphers - that using something less
than the whole swing high/low -- low/high reduces the probabilities of succes
while increasing the risk the trade demands with stops above X.
snapshot

{{Other traders have posted this Bat pattern but, I can't find the charts
to give them credit}}
Reply
tntsunrise TOP dojitrader
Agree. I will enter with the BAT. however in my rule, the bat's B point must touch 0.5.
that's why the BAT i published is slightly different than yours.
thanks for your opinion!
good trade!
Reply
yes it is. but i will use a higher X. U can see my idea published
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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