If we get up to 113,67 before breaking the C-point and extending that leg to close beyond a 1,414 of X-A we have a complete Cypher pattern and there is an opportunity to short the market.
This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye..
Order cancelled
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Incorrect measurment, as pointed out by RobinOphion below, thanks Robin...
You are absolutely right, good eye :)
I think I used the xabc-tool instead of the cypher tool....
Thanks man, for noticing, and pointing it out - appreciated.
RobinOphion
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Yeah damn those tools! Thanks for the other cypher though (yellow) on EURJPY, but it looks like it's running away