Back2back
Back to Back Patterns IDBI Patterns are Best in what they do :)
Disclaimer : I don't degrade other strategies, every strategy is good in own way !
Find this wonder while doing my Sunday morning analysis... 5 back to back patterns in IDBI
Only the Bear Cypher is yet to complete in IDBI
I didn't mark patterns which hit stop loss
Happy Sunday !!
AUDNZD H4 BACK TO BACK CYPHER PATTERNS Hello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
EURGBP - Back to back patterns - Bear CypherWhile I am still grabbing pips from the previous trade I posted ( a bullish bat pattern, see link below), a new pattern is taking shape. A bearish cypher can complete around 0.7130.
If price action reaches the red zone, I will look for a sign to stop and reverse the trade, so at this moment I cannot give you an exact entry point. Stop Loss would go above 0.7160 and targets would be the 38,6 and 61,8% retracements of the CD leg of the cypher pattern.