FX:NZDUSD   New Zealand Dollar/U.S. Dollar
477 5 0
Is this a valid Cypher Pattern? Can someone verify please?
Thanks!
yes it is. but i will use a higher X. U can see my idea published
NZD USD 4H BEARISH CYPHER AND BAT
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
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
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