Victor Camargo
05/26/2021
Bullish Cypher – EURNZD – H4
The Cypher Pattern is a harmonic pattern that when negotiated correctly can have avery high hit rate and a good risk / return ratio. It consists of the XABCD points andit’s relatively easy to identify on a chart because of its wave appearance,exhibiting ascending peaks or descending valleys. Can be negotiated like other standardsharmonics, expecting, for example, a reversal at the end and using pending ordersin a possible disruption. You must have the following conditions:
1. “B” needs to show a retraction between the points of 38.2 and 61.8 of “XA”. At leastup to 38.2% and without exceeding the 61.8% mark;2. “C” is an extension and goes beyond “A”, but needs to move at least 127.2%. IT’Sconsidered invalid if it exceeds 141.4%.3. The “CD” leg must break the 78.6% “XC” level
Check in:13:55
Departure:14:11
Result: 200 points
Source:https://wintrademarkets.com/
