madi052893trading
Panjang

Pattern Based Trade setup for LONG/BUY

FX:NZDUSD   Dolar New Zealand/Dolar U.S
106 5 6
A potential bullish cypher is near to its completion for a long/buy opportunity.

Cypher rule:

XApt - First market swing/leg
ABpt - 38.20% < 61.80% XA leg
BCpt - 127.20% < 141.40% point AB leg extension *price must not closed beyond 141.40 if it does, pattern is invalid.
Dpt completion - 78.60% XC leg - ENTRY

SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1.
TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern).

Trade with care and Good luck!
Komen: A pip shy before market hitting target 1 and 2.
Hi I am still learning abourt forex analysis. Could you please inform me about what the letters represent. Thank you.
Balas
madi052893trading marjanakther
@marjanakther, the letter represent the 5 points or key swings of the pattern.
Balas
hello sir! i have a simple question! when you say (LONG) , is this mean expiry should be 1 hour or more? thank you
Balas
@miladjfd, long means buy. not necessary with a specific time duration.
Balas
miladjfd madi052893trading
@madi052893trading, thanks sir! have a good day
Balas
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