DanielParra99

EURJPY (Cypher Pattern with 2618 at right leg) -1h Chart

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FX:EURJPY   Euro / Yen Jepun
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, on this case it was 1.414 - 1.618 area. (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C (0.786 - 0.886 area)
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to double floor

Confirmations for 2618 inside right leg:
- double floor
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Floor + 0.618 = 2618

Good Trading
Komen:
At the top of red area
Good Trading. -15min Chart
Komen:
Divergence
On chart left side is Lower High, but on MACD left side is Higher High
On chart right side is Higher High. but on MACD right side is Lower High
Good Trading. -15min Chart
Komen:
X to B distance is 0.62 (near 0.618)
A to C distance is 1.615 (near 1.618)
B-D should be near 1.272, but on this case volatility is diffrent
X to D distance is 0.867 ( around 0.786 - 0.886 area)

Price is respecting 0.886 as Higher High, which means price is still active for bearish continuation.
Good Trading. -15min Chart
Komen:
Take profits have been modified by few pips, I measured entire impulse so I could be more exact.
Good Trading. -1h Chart
Penafian

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