USDCHF long opportunity at market! Cypher pattern

FX:USDCHF   U.S. Dollar / Swiss Franc
We got a bullish cypher pattern at market at strong multiple month support after a double bottom with RSI over sold. It ticks all the boxes. But please trade with care, we got the Greece meeting en the EU parlament today so it can make price very volatile later today as the meeting progresses or the fear/greed thing kicks in to everybody.

Kind regards
Thomas Jeff
I would need at least a 0.382 retracement from A to B, so I can't take this as a cypher, but there is a bat pattern completion down at 0.9131........
Well you are very right that is the rule for the Cypher pattern all though i got my own rule set that if it comes within 5 pips in a 4 hr then its an okay trade as long as the rest of the fibs meets the rules. on the 60min that rule is 2 pips ect.
ThomasJeff_DCM ThomasJeff_DCM
I just checked yes there would be a valid bat pattern that would trigger a little lower than my entry giving a little better R:R
dule85 ThomasJeff_DCM
There is even a gartley somewhere in that area, depending on how you trade a gartley. Alltogether 3 pattern entries in the same area makes me more confident that this could be a winner ;). Good luck!
dule85 ThomasJeff_DCM
It's ok, just wanted to point it out. If it meets your rules then its fine :)
Yes exactly, its like the Gartley you posted on the AUDUSD the B - C retracement goes past the 0,782 its pretty much a double bottom, it don´t follow the rules but i´m sure it meets your rules to be tested to be a profitable outcome over the long run =)
+1 Reply
ThomasJeff_DCM ThomasJeff_DCM
arh if we use the same X leg i don´t see a Garley, after the first 0.618 retracement the next retracement for the B - C leg comes short of a 0.618 to meet the "perfect gartley" but well lets see i think it all comes down to the Greece meeting
Hi Thomas on this one too. Lets see
ThomasJeff_DCM KevinSinghDhaliwal
Great its been a ruff week in the markets with the volatile prices with all the strong moves. I would move my stop to break even when we reach half way to target. I don´t even have a target 2 for this one, the market is just too unstable
KevinSinghDhaliwal ThomasJeff_DCM
This looks promising
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out