Simply Chart Patterns

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Archive for the tag “Bearish Cypher Pattern”

Tis’ The Season For Cyphers

While doing my regular search for trading opportunities, I found a bunch of Cypher Harmonic Patterns forming.

Bullish Cypher Harmonic Pattern On EUR/GBP Daily Chart

Bullish Cypher Harmonic Pattern On EUR/GBP Daily Chart

 

Bearish Cypher Harmonic Pattern Forming On GBP/CHF Daily Chart

Bearish Cypher Harmonic Pattern Forming On GBP/CHF Daily Chart

Bearish Cypher Harmonic Chart Pattern Forming On AUD/CAD H4 Chart

Bearish Cypher Harmonic Chart Pattern Forming On AUD/CAD H4 Chart

For more details on the engagement rules for Cypher Harmonic Chart Patterns, please click on this link

 

[FX – NZDJPY] Potential Bearish Cypher Harmonic Pattern Forming

Cyphers everywhere. This time I spotted a potential Bearish Cypher Harmonic Pattern forming on the H4 charts of NZDJPY. This Cypher is not perfect, if the rules of the Harmonic Pattern are followed strictly; Point B does not retrace at least 38.2% of the XA leg. But it is pretty close.

As usual, Point D will be watched closely for price action reversal signals.

NZDJPY H4 Chart With a Potential Bearish Cypher Harmonic Pattern Forming

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