Adaptation on a CYPHER Harmonic

23 Jul 2019

This is my adaptation on a Cypher harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it does i will enter the trade. The current Risk:Reward still 1:5.8 what is acceptable as i believe that it should hit the Take Profit. I have set the TP below the expected level (0.18114) to ensure it does not fall short by a few pips. The Stop loss is slightly above the D point if/when it completes.

24 Jul 2019

Catatan

D point level surpassed the first level i expected it to have a reversal and just so happens to be at the second level already. there are a few more levels it can hit if it continues heading bullish before a reversal pattern is formed. the TP and SL have been adjusted for the level which it is currently at according to my rules.

24 Jul 2019

Catatan

A bearish Engulfing candle is forming at the next level if this remains i will wait until the next candle to confirm before entering the trade

25 Jul 2019

Catatan

still bullish so i have set additional levels which i expect a reversal if there is one before it reaches the levels i cannot take the trade

31 Jul 2019

Trade aktif

Finally the D point has reached an levels which within my strategy allows me to enter. it is slightly higher than the level but is valid. Reversals candle & pattern shown at the level hence entering.
0.18126 = TP, 0.18540 = SL, 0.18535 Entered Trade