The Cypher Pattern is a distinct 5-point reversal structure that was discovered by Darren Oglesbee. It has specific Fibonacci measurements for each point within its structure. The B point retracement of the primary XA leg lies between 0.382 and 0.618, the C point should be a 1.272 to 1.414 projection of the primary XA leg and the D point should be a 0.786 retracement of XC. The first target would be the 382 retracement of CD and the second target the 618 retracement of CD.

The stop would go beyond the next structure support / resistance beyond the X-point. Conservative traders look for additional confirmation before entering a trade, for instance an aligning RSI value or specific candle pointing at a reversal. The Cypher Pattern can be either bearish or bullish. TradingView has a smart Cypher Pattern drawing tool, created especially for this popular pattern. Please note that the ratio line between the A and C points represents how far C extended the XA leg. The ration line between the X and D points represents how far D retraced the XC leg.
EverythingForex EverythingForex PRO USDJPY, 240,
USDJPY: Update USDJPY: Is It STILL On Its Way Down?
340 1 13
Update USDJPY: Is It STILL On Its Way Down?

Many of you have PM'ed me asking about what's going on with this pair after I made another very accurate prediction back 2 months ago that we were going to see a plunge happen! (see this post: IF you had listened to me, you would at this moment still be in profit by +450 pips. ...

johan.larsson johan.larsson PRO GBPNZD, 15, Short ,
GBPNZD: Cypher @ Market
79 3 9
GBPNZD, 15 Short
Cypher @ Market

We have a completed Cypher Pattern that has pushed beyond the entry point, which in turn give me a better R/R factor. This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets.

11021992 11021992 PRO AUDCAD, 15, Long ,
AUDCAD: AUDCAD: One ugly cypherbeast
86 0 9
AUDCAD, 15 Long
AUDCAD: One ugly cypherbeast

Hey traders, On the AUDCAD we have a potential bullish cypher pattern taking shape. It looks rather ugly, but it fits all the rules. The entry will be somewhere in the blue reversal bar. Good luck people! I will be updating this chart as time progresses.

incomehack incomehack PRO GBPUSD, 30,
GBPUSD: Cypher in GBPUSD 30M ( Confirm with BAT Pattern)
63 0 5
Cypher in GBPUSD 30M ( Confirm with BAT Pattern)

Stoploss : 10 pips above X Target profit: TG 1 = @0.382 Fib Retracement CD ( Cypher) TG 2 = @0.618 Fib Retracement CD ( Cypher) After target profit 1, put stoploss to breakeven

TodorGrigorov TodorGrigorov USDJPY, D, Short ,
53 0 4

Potential Cypher pattern on daily time frame.

secalert secalert PRO GBPUSD, 15, Long ,
GBPUSD: GBPUSD: potential BULLISH CYPHER pattern on M15!
72 0 3
GBPUSD, 15 Long
GBPUSD: potential BULLISH CYPHER pattern on M15!

$GBPUSD: potential BULLISH CYPHER pattern on M15!

austinmeiron austinmeiron GBPUSD, 15, Short ,
GBPUSD: GBPUSD Cypher Formation
46 0 3
GBPUSD, 15 Short
GBPUSD Cypher Formation

Shorting till the formation is complete @ the 0.782 then long on the (hopefully) breakout on this consolidation zone.

drewbiernacki drewbiernacki AUDJPY, 60, Short ,
AUDJPY: AUDJPY Cypher Pattern
43 0 2
AUDJPY, 60 Short
AUDJPY Cypher Pattern

Waiting for d leg completion of cypher pattern on AUDJPY. Target is set at a 0.618 retracement with stop loss above structure.

Jagger_Graham Jagger_Graham CADCHF, 60,
CADCHF: Forex Cypher Pattern With Good RR
16 0 5
Forex Cypher Pattern With Good RR

We have an interesting little cypher pattern here. Is has dropped below where would normally enter at D completion. Which means we are closer to our stop loss and have a better RR. Let me know what you think. Check out my video on this trade at

hopscotch hopscotch ZWN2017, D, Long ,
ZWN2017: Wheat Turn Around? Cypher?
23 0 5
ZWN2017, D Long
Wheat Turn Around? Cypher?

Wheat RSI has floored. Elliot wave 1-5 complete, and wheat is still trying to sell itself off of a bearish flag. There is an outside chance of this becoming a Shark. More likelihood a Bearish Cypher. If up trend forms, looking at 430'4 and then 444'2. After 452. This could also fall more into extension in which case target numbers may change.

thegrowmoneymovement thegrowmoneymovement USDCHF, 60, Short ,
25 0 4
USDCHF, 60 Short

Would take a pretty significant push to complete the D leg. And with no structure to provide a decent Risk v Reward, were not so sure about this one.

adriel.arrasmith adriel.arrasmith CADJPY, 240, Short ,
CADJPY: CADJPY Down Possibly to New Lows
72 1 6
CADJPY, 240 Short
CADJPY Down Possibly to New Lows

Earlier I saw the CADJPY run into a trendline, previous structure and completed a cypher pattern. We entered at 82 and closed at 81.3. We will be looking for more short opportunities at the break of support and retest.

hopscotch hopscotch HEN2017, D, Short ,
HEN2017: Lean Hogs Bottomed Out
9 0 4
HEN2017, D Short
Lean Hogs Bottomed Out

June Lean Hogs rose today off oversold conditions and a bullish Butterfly Pattern. Next upside target 71.375, and then 72.825 to start forming a projected Bearish Cypher pattern.

raco1310 raco1310 NZDJPY, 15, Short ,
27 0 5
NZDJPY, 15 Short

Possible bearish cypher pattern. Wait for D leg completion then sell.

j_nathan j_nathan PRO EURJPY, 60,
EURJPY: EUJPY Gartley Hunting
66 0 6
EUJPY Gartley Hunting

see chart notes for key ranges and notes current move is chasing the AB movement into 118.257 XA - 117.016-120.362 AB - 118.257 range, unconfirmed If AB plays out will update BC next target If AB fails will nullify the study gltu!

gsl1986 gsl1986 NZDCAD, D, Short ,
NZDCAD: nzdcad
47 0 4

sell it cypher pattern stoch. three top and three upside down candlestick pattern in h4 time frame.

TomHall TomHall TOP GBPUSD, 60, Short ,
GBPUSD: GBP.USD - x2 Short Opportunities
1681 11 57
GBPUSD, 60 Short
GBP.USD - x2 Short Opportunities

On the GBP.USD 1hr chart we have 2 potential trade opportunity's at the D leg completion of bearish Bat & Cypher setup. Bearish Cypher Setup ( White ) - D leg completion 1.2872 Target 1 - 1.2827 Target 2 - 1.2798 Bearish Bat Setup ( Blue ) - D leg completion 1.2883 Target 1 - 1.2835 Target 2 - 1.2804 Please trade this setup with caution.

hypersync_09 hypersync_09 JUBLFOOD, D,
JUBLFOOD: Bearish Cypher completed on Jubiliant Food Daily
6 0 3
Bearish Cypher completed on Jubiliant Food Daily

just noticed how the perfect bearish cypher harmonic pattern completed on jubiliant food daily chart , also setting up a bearish crab in the process !!!

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