Alexander_Nikitin
Long

USDCAD cypher advanced formation

FX:USDCAD   U.S. Dollar / Canadian Dollar
2110 views
102
2110 16
Hey, mates. A potential cypher is setting up on usdcad . I attach a screenshot with netries stops and targets in comments as usual. Feel free to check it. Good day.
Feb 23
Trade active
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This was a shark pattern not a cypher
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Alexander_Nikitin tmanuelasorina
@tmanuelasorina, In some case cyphers coinside with sharks because sharks have very common rules (cyphers are much more specific). But when I was drawing this one I used cypher rules only.
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Stopped =[
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Is it still good to enter?
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@harryexe, To my rules it is still valid. But what your rules say?
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harryexe Alexander_Nikitin
@Alexander_Nikitin, I'm new to harmonic patterns. My rules are form around your rules knowing that you have done the due diligence in understanding the strategy, write a script around the strategy and backtesting it over 5 years. I am okay with taking the loss knowing that this is still in line witt the rules.
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@harryexe, Maybe this will be an eye opener experience to you, but I don't trade harmonic patterns.... I trade advanced formations.
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Mondli357 Alexander_Nikitin
@Alexander_Nikitin, Mr can I still hold on this trade or its consolidating to go further down
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same here i agree
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Mr.Bull Mr.Bull
meant to have it at 786 but closed under
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