The Cypher Harmonic Pattern helps traders identify potential market reversals. Instead of chasing price, you wait for it to reach a key area known as the Potential Reversal Zone (PRZ) before looking for a trade.
Entry
Wait for price to reach the PRZ between 101.550 and 101.600.
Don't enter immediately. Wait for a bearish confirmation, such as a rejection candle or a bearish engulfing candle.
Sell Entry: 101.580
Stop Loss
Place your stop loss above the invalidation level at 101.800.
If price moves above 101.800, the Cypher pattern is no longer valid, and the trade should be closed.
Stop Loss: 101.800
Take Profit
As price moves lower, take profits at the following levels:
Take Profit 1: 100.600 – Take partial profits and move your stop loss to breakeven.
Take Profit 2: 100.000 – Close most or all of your position.
Take Profit 3: 99.700 – An optional final target if bearish momentum continues.
Trade Summary
Sell: 101.580
Stop Loss: 101.800
Take Profit 1: 100.600
Take Profit 2: 100.000
Take Profit 3: 99.700
The strategy is straightforward: wait for price to enter the PRZ, enter after confirmation, protect your trade with a stop loss above 101.800, and take profits as price reaches each target. Patience and proper risk management are what make the Cypher Harmonic Pattern a powerful trading strategy.
Entry
Wait for price to reach the PRZ between 101.550 and 101.600.
Don't enter immediately. Wait for a bearish confirmation, such as a rejection candle or a bearish engulfing candle.
Sell Entry: 101.580
Stop Loss
Place your stop loss above the invalidation level at 101.800.
If price moves above 101.800, the Cypher pattern is no longer valid, and the trade should be closed.
Stop Loss: 101.800
Take Profit
As price moves lower, take profits at the following levels:
Take Profit 1: 100.600 – Take partial profits and move your stop loss to breakeven.
Take Profit 2: 100.000 – Close most or all of your position.
Take Profit 3: 99.700 – An optional final target if bearish momentum continues.
Trade Summary
Sell: 101.580
Stop Loss: 101.800
Take Profit 1: 100.600
Take Profit 2: 100.000
Take Profit 3: 99.700
The strategy is straightforward: wait for price to enter the PRZ, enter after confirmation, protect your trade with a stop loss above 101.800, and take profits as price reaches each target. Patience and proper risk management are what make the Cypher Harmonic Pattern a powerful trading strategy.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.