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LewisGlasgow
Jan 19, 2017 5:05 PM

CHF/JPY - Bearish Cypher Short

Swiss Franc/Japanese YenFXCM

Description

Hello traders, following up from my previous post on USD/JPY with a bearish cypher pattern... We now have another bearish cypher pattern and again on the 1h chart but this time it is CHF/JPY.

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I'll be looking for extra validation before entering this trade!
Comments
UnknownUnicorn522940
Hey! Note that today there are important news for the EUR. I think the EUR will go up! Do you agree with my opinion?
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