Possible CYPHER PATTERN. EURUSD as been going side way
for a few weeks now. I am expecting for bullish movement
because i am expecting some weakness from the USD dollar.
I won't be LONG on this pair for now because the BEAR impulse
As been pretty strong. I prefer to wait for the next SHORT.
CYPHER PATTERN, and i also an AB=CD PATTERN, the AB=CD pattern isnt the best one... its not a perfect one but as a retracement of 38% then goes to 161.8%... the perfect one would be 61.8 then to 161.8% or 78% to 127.2%...
But with the CYPHER PATTERN (the MOST accurate pattern, I'm really confident in to this setup)
CADCHF will complete a PERFECT AB=CD PATTERN at 79.200.
I will be shorting at this exact level because we also have 61.8% of the whole trend at the same level and it didnt reach that level for almost 1yr so the short probability is VERY HIGH.
The RISK RATIOS is also really good so i dont see why I wouldnt ...
There is no long setup before that strong cypher pattern completation at 0.86000. Unless the market create some different pattern I won't be playing this pair until this level!
Remember something, CYPHER PATTERN is the MOST accurate pattern because its the rarest one!
Until that level, Short should be what you ...
1. WEEKLY LEVEL
2. 61.8% FIBS
3. GARTLEY PATTERN
I will be honest this isnt the best Gartley pattern cuz of the C point... but still every other point are perfect so I will be looking for an entry at this level !
I am currently on a short on EURJPY because the market did stop on a strong weekly level. I did short with a small lot cuz i am expecting a maximum of 500 pips pullback! If its going up till the monthly level, I will add more short around 126.xxx level! I am not expecting the market to break the current level but ...