When you measure cypher's C point, use fibonacci extention tool. The reason: XABCD drawing tool (on C to A line) shows retracement/extention of AB (!) leg. To find a correct location of cypher's C-point we need XA's extention, not AB's. I think the C-point on your drawing doesn't hit 1,272XA. If so, then the pattern is invalid. Please, check the ratios.
Thanks you're absolutely correct about the C leg falling short of the 1.272. I was aware of this fact and posted this idea anyway because in my experience trading this pair for the last 2 years I've often seen these patterns work out when they come this close to a 100% completion. Such as in this case, where quite honestly, the C leg comes in shallow @ just over 1.2% but all other swing points hit their approximate marks. I traded from B to C the day before with a target of 1.2% ext and picked up 111 pips so when I wake the next day I not only notice a potential Cypher pattern but that it has been completed by an impulse leg from C to D that's also higher than the most recent swing high. With so many positive factors I have a very strong case for shorting and decided to share. I like your ideas also and your insight is always welcome. Thanks again