Alexander_Nikitin

Cypher advanced formation

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey, mates. Here's the cypher pattern. Note the B-point. It is rather high but still valid. B-point shouldn't close above 0.618XA but the wick can go to whatever level if it doesn't break the rule for D-point. The D-point rule says that D should be higher than B. Check the comments below. I attach a screenshot of my platform with entries stops and targets there.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.