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EURUSD,H4 Chart Discussion

wontuno Dec 04 2017 at 15:34
Yup, I learnt it too rrom somewhere else but quite different. So how do I invalidate the pattern?
I mean if C is higher than A then if somehow price keep go upward toward 2.618%, is it still valid pattern and draw the wing higher?
Robert
Fxrobuk Dec 04 2017 at 15:15
and CD leg is based on 127,2% fibo extension.
Robert
Fxrobuk Dec 04 2017 at 15:14
its a bulish cypher pattern (blue one)
Robert
Fxrobuk Dec 04 2017 at 15:13
Hi check this first https://tradingstrategyguides.com/best-cypher-patterns-trading-strategy/
wontuno Dec 04 2017 at 14:52
Nice share. Want to ask. Doesn't it BC as retracement to AB and CD is the extension to AB/BC?
IMO, blue one, XA suppose to be AB, AB to be BC and BC is CD.
Robert
Fxrobuk Dec 04 2017 at 13:38
Eurusd