GBPJPY (Bullish Cypher Pattern) -4h Chart
Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- 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 0.384 (around 0.382!)
A to C distance is 1.271 (around 1.272!)
X to D distance is 0.834 (around 0.786 - 0.886!)
B to D distance is 1.618 (exactly at 1.618!)
- A to B must touch 0.382 but cannot exceed 0.618
- 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 0.384 (around 0.382!)
A to C distance is 1.271 (around 1.272!)
X to D distance is 0.834 (around 0.786 - 0.886!)
B to D distance is 1.618 (exactly at 1.618!)
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