Potential Bullish Cypher at 116,26

FX:EURJPY   Euro / Japanese Yen
90 7 3
If price drops to 116,26 before breaking the c-point of the cypher there is a valid, and completed Cypher pattern .
Good find
johan.larsson Akil_Stokes
Thanks Akil, in a case like this would you lower your target 2 due to the recent structure just around 618?
Do you take structure into account when trading advanced patterns or you stick by the 382, and 618 targets?
I did not take structure into account when I did / am doing the backtesting...... maybe one should.....
+1 Reply
Akil_Stokes johan.larsson
I see no reason to deviate from your plan
johan.larsson Akil_Stokes
Me neither, my question was if one should structure into account when making the plan. I was just curious if you ever take structure into account in regards to sl and pt for advanced patterns.
+1 Reply
Akil_Stokes johan.larsson
I believe in taking structure into account, but I will rarely adjust on pattern formations. It's a very slippery slope to begin doing so
johan.larsson Akil_Stokes
Thanks Akil, I was just curious.....
+1 Reply
Akil_Stokes johan.larsson
No problem
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