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.

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