It's funny how many can doubt the efficacy of the fibonacci tool when we see consistent reoccurences of such patterns in the marketplace. As I had charted a 4H cypher formation on the EURUSD, a mini cypher on the same pair (EURUSD) formed and completed right under our noses. Just goes to show you that you never know when the right opportunity may strike. Please use this as a study tool as need be, for I will be publishing this just for studying purposes as well. :) Cheers, and happy trading!
-John, J1TFX
**note** I accidentally labeled it as a 30 minute cypher. It was a cypher that I caught on both the 1hr and 30min, so it makes no difference.
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