fximperija
Short

Bearish overlaping patterns

FX:CADJPY   Canadian Dollar / Japanese Yen
159 8 1
Cypher and butterfly overlap, bearish signal.
because I think this trade should be active as a reversal candle is on the chart now
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so where do you suggest a good stop loss.... ?
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fximperija Dcharmin1
SL above 97
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Tme to go short! :)
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With all due respect, I agree with the BUTTERFLY, but not that CYPHER! CYPHER C should be at 1.272FE of X-A at least,and no candle close passed 1.414FE.
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You are absolutely right about the cypher but my rules are more loose when it comes to exact retracements. I do not follow blindly but adopt to market. Anyway thanx for your opinion.
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BBFX fximperija
No problem. Thank you for taking my comment with the respect it was offered! Many people get offended when you have a differing view point! :-)
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That what TV is all about, sharing thoughts and ideas. Cheers
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