Cypher Pattern
32,8 Fib Retracement
Confluence of 141,8 and FIB extension and 161,8 Fib Inversion
RSI overbought
AB=CD movement
Be aware we have a Inverted Head and Shoulder Pattern so we can expect only a pull back to 32,8 Fib of the last movement (Orange Zone)
I'm a beginner and have only been doing patterns for 2 days now. I came upon this and was wondering if this is correct? Please correct me if I'm wrong I need to learn!
On the EUR.CAD 15 min chart we 3 potential long opportunity's at the D leg completion of Bullish Cypher , Gartley and Bat setups.
Bullish Cypher Setup ( Red ) - D leg completion 1.4592
Bullish Bat Setup ( Green ) - D leg completion 1.4575
Bullish Gartley Setup ( Purple ) - D leg completion 1.4587
The PRZ zone is only a guideline of where we will be paying...
