FX:CADJPY   Canadian Dollar/Japanese Yen
123 2 4
SL : 81.430
TP1 : 85.370
TP2 : 86.670
TP3 : 90.700
Comment: Move SL to BE and wait for targets.
snapshot
Trade closed manually: Took some profit at TP1 but the biggest trade was to the upside, so this is a break even trade.
It still might go up, but I am not interested any more.
Looks like the Cypher is not valid though : C leg is way passed the 1.411, and the D completion does not penetrate the B leg ...
Reply
anatoli.russu journeyofarookie2.0
Thanks you point of view, but my trade is not based on Cypher pattern, I just use it to show my trade, so I don't really care for the Fibs it will reach or penetrate, I care more about what structure it is making.
+1 Reply
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