NZDJPY (Daily Cypher Pattern)

Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618 (on this case B is at 0.5)
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)

Look how X to B distance is 0.381 (around 0.382!)
A to C distance is 1.284 (around 1.272!)
X to D distance is 0.792 (around 0.786!)
B to D distance is 1.529 (around 1.618!)

This are my confirmations for a Cypher Pattern and with MACD I get to confirm bearish impulse, now lets wait and see what happens. - Daily Chart
Also this Cypher Pattern is a completed Ending Diagonal on 4h Chart (Scroll down to see).
Good Trading.
评论: Decided to show Bullish Ending Diagonal on Daily Chart so I can use some more technical analysis.
Now confirmations for an Ending Diagonal:
- 5 points respecting trendlines
- 1 and 4 at same price
- 0 to 1 same distance as 4 to 5
- take profits are between 0.786 and 0.886 retracements

Also used some Support and Resistance to confirm previous prices and feel more confident on my entries.
The thing about Ending Diagonals and Ending Channels is that at the end there's a big impulse (after to much consolidation)
评论: Retest at 0.786 - 4h Chart
评论: First TP has been reached with 203.3 Pips
评论: First TP has been reached for the second time
评论: Daily Cypher Pattern has been completed!
Good Trading.
评论: Price bounced exactly at previous support where it all started (third TP 76.100)


:D good call
Nice one
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 价格 网站规则 版主 网站 & 经纪商解决方案 插件 图表解决方案 寻求帮助 功能请求 博客 & 新闻 常见问题 维基百科 Twitter
概述 个人资料设置 账号和账单 TradingView代币 我的客服工单 寻求帮助 已发表观点 粉丝 正在关注 私人消息 聊天 退出