TO BE CONTINUED.......POTIENATAL CYPHER PATTER
CAD/JPY paid the last couple of days a very nice pattern and now is keep going a perfect cypher patter just on the pip
i always go against the rules when it's about structure for example here i don't see enough structure left to enter the trade at the original ratio of 78.6 but i see all the reason to enter at 88.6 by looking left and put in mind that the 88.6 is 1.618 of the exention of CB leg so i expect a long wick get the 88.6 or just i be wrong.
that's how i trade i just sell when it's really over bought and buy when it's really over sold and i prefer to miss the trade better than early entry
that's why on my page you will never see a pattern according to fib. ratios...there always be at structure.
thanks
good luck
i always go against the rules when it's about structure for example here i don't see enough structure left to enter the trade at the original ratio of 78.6 but i see all the reason to enter at 88.6 by looking left and put in mind that the 88.6 is 1.618 of the exention of CB leg so i expect a long wick get the 88.6 or just i be wrong.
that's how i trade i just sell when it's really over bought and buy when it's really over sold and i prefer to miss the trade better than early entry
that's why on my page you will never see a pattern according to fib. ratios...there always be at structure.
thanks
good luck