There are two patterns in EURGBP 4H chart, and PRZ is around 0.73940 to 0.74394. It's a good place to sell.
Komentar
Alexander_Nikitin
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what are the rules for cyphers?
Fieldgate
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XA-AB pullback 27.6 - 61.8
AB-BC extension 113-141
D ending at 88.6 of XA <---
BCD 1.272 - 2.618
Fieldgate
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vs the shark at 113 XA
(in essence)
Fieldgate
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it seemed to like the cypher level....
Alexander_Nikitin
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You cannot call it cypher because cypher's rules are different. Call it something else.
Fieldgate
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a winning trade ?
Fieldgate
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to be fair, it's not my post, but I am in that trade.
Alex - are you referencing the fact that the XA pullback wasn't to the 38.2 level (as some literature references) ?
Alexander_Nikitin
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It's not literature but my knowledge of the inventor of cypher patterns - Darren Oglsebee. He has very different rules)
Fieldgate
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Fair.
Was also a Shark from that lower swing high on the 21st Oct. as corroborating
(and mis-stype on my original mail - apols - should have said 78.6)