On FX:USDJPY , the market is not trending on 4H bars and it gives an opportunity to harmonic pattern traders. There is a Cypher pattern, which finished its D leg. This provides a signal to go short. This advanced pattern has the highest success rate (70%). Wait the market open on Monday to avoid any unpredictable spikes. T1 - 38.2% T2 -...
Will throw this one out there but with NFP just around the corner anything might happen. Nice entry point with the structure so close too.
quite a long way off potential cypher pattern will have to see if we get filled any comments would be good allway up for feedback to improve
Here on the 1hr chart of the EURUSD we have a situation that i really like. We have a bearish and a bullish cypher pattern setting up. The reason i really like this situation is because no matter what the market decides to do i have an opportunity to trade my plan and possibly make a profit. With these patterns entry will be on the D- leg as shown on the chart and...
Hello Traders, Here we have a bearish Cypher pattern that is close to completion. The pattern will complete at previous structure resistance level. Since this market has been consolidating for quite a while, it increases the chances of this pattern being profitable. There are 2 options for where to place the stop loss. The 1st and most reasonable place to put a...