ErrolMuller
Short

Bearish Cypher Pattern 240M

FX:GBPJPY   British Pound / Japanese Yen
Just posting this to show this Bearish Cypher pattern that i am involved in.

I would like some comments on this pattern if I drew it in correctly and so on?
The AB leg was a 50% retracement. BC was a 127% and CD was at a 88.6%. I got in a bit late though and thats why i got in at the 88.6%. I got stopped out on this trade due to a news release.
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What ratio's have you used?
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