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.
Thank you for sharing! I found this potential Bat too (in red). Looks like a good trade -- good luck to us :)
tmanuelasorina
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This was a shark pattern not a cypher
Alexander_Nikitin
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@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.
harryexe
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Stopped =[
harryexe
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Is it still good to enter?
Alexander_Nikitin
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@harryexe, To my rules it is still valid. But what your rules say?
harryexe
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@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.
Alexander_Nikitin
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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.
Mondli357
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@Alexander_Nikitin, Mr can I still hold on this trade or its consolidating to go further down