Mberg
Short

Why im entering this Cypher pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
This patterns is a little deformed, but X to A is a perfect .382 and A to C is a perfect 1.414
The risk is just 40 pips and D target is just under X and has not closed above which is very good. But the deformation that its has reached the .882 as you can see in the screenshot. This pattern can fail, but a graceful exit is in the tradingplan to secure my trade if it goes the wrong way.

T1
In progress

T2
In Progress
Trade closed: stop reached: The pattern validated X leg so this is no valid pattern anymore, graceful exit executed.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out