Get started
Kylan_Laymance

Cypher Pattern, USD/MXN, 30min

Long
U.S. Dollar / Mexican Peso (FX:USDMXN)  
Kylan_Laymance  
FX:USDMXN   U.S. Dollar / Mexican Peso
LONG priceaction price action linear regression Linear Regression Cypher Harmonic Patterns trading Harmonic Patterns 75% WIN profit 1.618 MY strategy MINE 16%aweek gian
1
0
long priceaction price action linear regression linearregression cypherpattern harmonicpatterns trading harmonicpatterns 75% win profit 1.618 my strategy mine 16%aweek gian
Here I see a Cypher Pattern on the USD/MXN 30 min chart. I believe that the market will rally to the 1.618 extension of the BC leg. This will allow us to enter at the B point giving us exactly a 2:1 risk reward ratio. There is support from the linear regression channel with a standard deviation of 2 and -2, which suggests that the market will rally of the lower deviation and rally to the higher deviation.

I have placed my entry at point B my stop at point A and my limit at the 1.618 extension of the BC leg. it is likely that this trade will take about 20 hours, but it may very well complete before then.

Thanks for checking this out, please feel fee to comment any opinions or suggestions, also like if you agree and follow if you are interested in seeing more.

Thanks again, Good Trading.
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.