We got the Cypher pattern completing at 1.618 (according to the Fib expansion) at an exchange rate of 0.72860.
Let's wait for a confirmation (could be at 0.72446) to sell this pair.
The first exit would be at 0.71298 (50%) and then moving the SL to the breakeven point.
The second exit at 0.70921 (61.8%).
I did not include the retracement for the AD swing because it will be too difficult to read with it in place. You can also use 0.382 and 0.618 Fibonacci retracement levels of the CD leg.
This is not a cypher at all. Cypher's C-point must reach 1,272XA. Unlike Bats and Gartleys Cypher is a very strict pattern that has no deviations/variations at all. You have taken a wrong tool to draw it. "XABCD drawing tool" shows the ratio of AB leg . And in case C-point extends past A, it shows extension of AB leg. But Cypher requires extension of XA. You should take a correct tool which is called "Cypher drawing tool". Learn the correct ratios of Cypher here: ps-software.net/learn-the-patterns/
carlosacosta234
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Hello @Alexander_Nikitin, thanks for your feedback! I really appreciate it. Now I'm reading the Cypher Advanced formation posted on you website.