Broken Cypher, completion with buying pressure Short

FX:CADJPY1D

Canadian Dollar/Japanese YenFXCM

Description

⋅ Aug 30, 2014 1:03 PM

Broken Cypher, completion with SELLING pressure

Comments

Aqua-Life

⋅ Aug 30, 2014 1:37 PM

What do you mean by broken?

TJtrader

⋅ Aug 30, 2014 2:01 PM

Hi Aqua-life, As per the Cypher rules, the C leg is too long, closed 1 pip beyond the fib extension 141.4%.
But I wanted to follow up to see if it really does matter.

Aqua-Life

⋅ Aug 30, 2014 2:05 PM

ah okay I understand.

DennySantoso

⋅ Aug 30, 2014 2:11 PM

Agree with TraderTJ, C leg close beyond 1414 for cypher