Rimvydas
Long

Possible Cypher Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
108 2 7
5 months ago
Constructive criticism is welcome.

Thanks
5 months ago
Trade closed: stop reached
longshot-nl
5 months ago
here is some criticism.. didn't see your setup before. i would have warned you.
you have to measure all points. point C must not be larger then 1.414 XA. This is one of the rules. Yours clearly is so it cannot be a cypher..
I cannot see from here but your C point may be smaller then 1.618 XA which could be a shark. Price rejected from this shark level so it seems i could be right.

i tell you: Measure all points...! Many people don't do that and look in their charts how it works out.
Reply
Rimvydas longshot-nl
5 months ago
Dear Longshot-nl,
Thanks for your view.
My rules says the C point remains valid as long as were is at least 1.272 extension of XA
and there is not a candle close beyond the 1.414 extension of XA, so candle doesn't closed beyond the 1.414 ext. so to me is a valid Cypher just
unfortunately was stopped.
Reply
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