MarshallFX_
Short

After the Fact Cypher; Pound

FX:GBPUSD   British Pound/U.S. Dollar
I didn't take this trade, as it was after the fact. I saw this formation and wondered if this was valid or not.
The rules call for the C point to hit the 1.27 extension, which it did.
The rules also call for there to be a close beyond A, which happened, but not a cleanly as one would like.
I'll be sure to keep an eye on future Cypher patterns to determine whether the same bar that hits the 1.27 should also close beyond A. Although this trade reacted nicely, I can't count on all of them too as well.
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