Sani Global Forex

                                         - A Forex Trading Perspective - Like we have explained in our introduction to Harmonics - https://tinyurl.com/y2ghjqkl , Harmonic Patterns enable traders to determine market turning points with precision and high accuracy levels. And like all Harmonic Patterns, The Cypher has five points - namely, “XABCD”. As usual, the market will always provide “XA” which is the impulse leg/move. The trader is therefore required to find the remaining points namely; ‘BCD’.   Using the Fibonacci-retracement tool, you (the trader) measure and identify BCD points using the following measurement Criteria : - >Point ‘B’ is 38.2 to 61.8 retracement of leg “XA”. >Point ‘C’ is between 127.2 and 141.4 expansion of leg “AX”. ...

                                         - A Forex Trader’s Perspective - As explained in our introduction to Harmonic Patterns, the Gartley and Butterfly, Harmonic Pattern enable the trader to determine turning points with precision 80% of the time - according to expert traders. As is the case with all Harmonic patterns, the BAT harmonic pattern has five points - namely, “XABCD”.  The market will always provide  points “XA”, which is the impulse move and the longest leg in this pattern. And as usual, the trader is required to find the remaining “BCD” points. Therefore using the Fibonacci-retracement levels, the trader is required to identify BCD points, guided by the following measurement Criteria : - >Point ‘B’ is 38.2 to 50.0 retracement of leg “XA...