USDCHF has a nice and big bearish ratio pattern setting up. Look for possible short opportunities at 0,9206
Best regards
Comments
dojitrader
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Ah yes ! I remember now, I guess it went in one eye and out the other. This pattern template is not equipped for a cypher.and in your example it's about 10/12 pips difference. Thanks for the reminder !!!
JamesCorreia
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No problem. Check my AUDUSD cypher setup that will be up in a few minutes.
Best regards
dojitrader
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Curious - why is the entry at D .709 instead of the recognized norm of .786 ? or even .886 ?
JamesCorreia
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That's problem of the pattern designer because it calculates that value taking X to A leg in consideration. This is a different pattern from the average which has a C point below A... So if you take the Fibonacci retracement from X do C which is the entire pattern, you will see that D is at 78.6%. Check it for yourself ;)