While doing my pre-market analysis early this morning, I spotted 3 Cyphers on this pair, on 3 different timeframes : H4, H1 and M15.
The big purple Cypher on the H4 has actually been invalidated because the C leg closed beyong the 1,414 extension of XA, but the 2 other cypher on H1 and M15 are still valid.
If the M15 completes after the London opening, I will be getting on board and take the H1 Cypher as well if I get stopped out on the M15. Both patterns meet my max stop rule so can get involved at D completion.
The big purple Cypher on the H4 has actually been invalidated because the C leg closed beyong the 1,414 extension of XA, but the 2 other cypher on H1 and M15 are still valid.
If the M15 completes after the London opening, I will be getting on board and take the H1 Cypher as well if I get stopped out on the M15. Both patterns meet my max stop rule so can get involved at D completion.
Order avbruten:
All three cyphers are now invalid as price is continuing to push down and C leg closed beyond the 1,414
