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The Cypher was discovered by Darren Oglesbee and though it is technically an advanced pattern formation, it is often associated with and traded alongside harmonic patterns. 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 may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick 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.
AshtonHunt AshtonHunt GBPUSD, 60, Short ,
GBPUSD: GBP/USD H1 Cypher Setup
67 0 2
GBPUSD, 60 Short
GBP/USD H1 Cypher Setup

Nice looking cypher setup for the down side now, I would of like price to test the 618 like my previous post with Euro/Usd but it has formed a bearish pattern inside our zone, Nice gains to be had in this short... Also in the long and then the short again! All should offer a minimum of 3-1 RR.

bmck1 bmck1 PRO EURGBP, 60, Long ,
EURGBP: EURGBP - Bullish Cypher pattern at market now
29 0 3
EURGBP, 60 Long
EURGBP - Bullish Cypher pattern at market now

Another pair I am currently backtesting so not trading live funds on this particular opportunity - however there is a bullish Cypher long entry at market now on the Euro/Pound. Ultimately I am more bearish on this pair than bullish - looking for this to trade lower towards the .8700 level, but as the famous quote/book says "Trade what you see..." Good luck to ...

Roker1 Roker1 TOP CHFJPY, 60, Long ,
104 0 5
CHFJPY, 60 Long
Cypher on CHFJPY

Hey guys, unfortunately we're taking out at breakeven the second position of our previous trade (see attachment). But that doesn't mean we'll be out of this market for long; in fact, we've already found another opportunity to enter this market, hoping in a continuation of this upward trend (that's now in consolidation). As long as we see prices above X i'll be ...

Ahmxd94 Ahmxd94 PRO USDJPY, 15, Short ,
USDJPY: because why not
67 0 1
USDJPY, 15 Short
because why not

- bearish cypher - missed the first entry so entered at the retest - great R:R - rsi approaching overbought - Weekly and Daily chart shows bearish bias

Ahmxd94 Ahmxd94 PRO EURUSD, 15, Long ,
EURUSD: bullish cypher setup
83 0 2
EURUSD, 15 Long
bullish cypher setup

- rsi approaching over sold - previous eurusd gartley hit sl but the entry of this cypher is in confluence with the 20 ema on the 4hr chart - entry at .786 - T1 at .382 fib and T2 at .618 fib

Ahmxd94 Ahmxd94 PRO AUDUSD, 240, Short ,
AUDUSD: bearish cypher setup
67 0 0
AUDUSD, 240 Short
bearish cypher setup

- rsi approaching over bought - daily rsi is showing bearish divergence - price has already bounced of the weekly resistance level at 0.81000 - entry at .786 fib - T1, T2 and T3 at .382, .618 and 1 fibs - I expect atleast T1 to be hit as price deviated from 20 ema on 4hr chart

Ahmxd94 Ahmxd94 PRO USDJPY, 15, Long ,
USDJPY: bullish cypher setup
127 1 3
USDJPY, 15 Long
bullish cypher setup

- rsi approaching over sold on 15 min chart - cypher entry point in confluence with support level (grey) - T1 and T2 at .382 and .618 fib

Ahmxd94 Ahmxd94 PRO EURUSD, 240, Short ,
EURUSD: bearish cypher pattern
143 0 6
EURUSD, 240 Short
bearish cypher pattern

- confluence of weekly resistance with .786 fib entry - rejected this weekly resistance previously three times - RSI is approaching oversold - T1, T2 and T3 are set at .382, .618 and 1.00 fibs - However I may extend T3 if it seems likely for further downside.

bmck1 bmck1 PRO EURUSD, 60, Short ,
EURUSD: A couple of options for EuroDollar shorts - H1
100 4 5
EURUSD, 60 Short
A couple of options for EuroDollar shorts - H1

There could b a couple of different shorting opportunities setting up on the EuroDollar this week. The first one I'm interested in would be this bearish Cypher pattern, using standard pattern entries & targets. Within the C-D completion leg of the Cypher pattern, there is also the potential for an equal measured move, which would then complete up towards the ...

Ahmxd94 Ahmxd94 PRO NZDUSD, 15, Long ,
NZDUSD: bullish cypher
116 0 3
NZDUSD, 15 Long
bullish cypher

- confluence of bullish cypher entry point with daily resistance - targets 1 and 2 at .382 and .618 retracement

LukeFagan LukeFagan PRO USDJPY, 240, Short ,
USDJPY: Bearish Cypher 4hr
73 0 0
USDJPY, 240 Short
Bearish Cypher 4hr

Have A bearish Cypher Formation setup with the D leg completion at 109.958 Taking 2 traditional targets Stops 110.931 Target 1 108.953 (38.20 Fib) Target 2 108.332 (61.80 Fib)

LewisisNude LewisisNude GBPUSD, 15, Short ,
GBPUSD: GBPUSD cypher short
59 0 0
GBPUSD, 15 Short
GBPUSD cypher short

would be good to get a back to back win/win. Bat straight into the cypher :)

PalokaFx PalokaFx EURAUD, 240, Short ,
EURAUD: EUR/AUD Potential short opportunity
14 0 0
EURAUD, 240 Short
EUR/AUD Potential short opportunity

A potential Cyper is forming if price get @ 1.51116. TP1 1.50198 - TP2 1.49691 - SL @ 1.52067

LewisisNude LewisisNude NZDUSD, 60, Long ,
NZDUSD: NZDUSD cypher long
74 0 1
NZDUSD, 60 Long
NZDUSD cypher long

hit a T2 winner on the gartley earlier in the week. Hopefully can continue this win with the cypher up next :)

LewisisNude LewisisNude GBPUSD, 240, Long ,
GBPUSD: GBPUSD cypher long
56 0 3
GBPUSD, 240 Long
GBPUSD cypher long

I have a max pip of 100 risk... managed to get in for a cheaper price and less than 100 pips. At market now.

bmck1 bmck1 PRO GBPJPY, 60, Long ,
GBPJPY: GBPJPY - H1 - Reverso?
36 0 3
GBPJPY, 60 Long
GBPJPY - H1 - Reverso?

Following on from the potential short opportunity I saw yesterday (currently still playing out), if you trade this pair and also trade advanced patterns then there could be a potential entry into a bullish trade right as the bearish move from earlier might start running out of steam. Not a pair that I currently trade, but this could be a nice example of trading ...

irfnkc irfnkc EURJPY, 60, Short ,
61 4 2
EURJPY, 60 Short

If the price reaches the point D, the sales opportunity. Do not forget to work without forgetting formation.

scorpiousg scorpiousg AUDCHF, 15, Long ,
AUDCHF: Potential 2618 on AUD/CHF 15 minute Chart
31 0 2
AUDCHF, 15 Long
Potential 2618 on AUD/CHF 15 minute Chart

I'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity. If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity. Entry will be between the 61.8 and ...

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