USDJPY: Bearish Cypher Pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
396 4 10
Entry at : 123.43

1ST Targets : 122.99

2ND Targets : 122.70
Comment: Orders filled
Trade closed: target reached: 1ST Targets Hit
Trade closed: target reached: 2ND Targets Hit
can i ask with the cypher pattern how can the C be deeper then A?
+1 Reply
Hi PortRoyal, with the Cypher, the C point is and extension of X - A...

Unlike the Gartley or Bat patterns that complete within the X-A leg...

Hope this helps!


Smart Trading FX
PortRoyal SmartTradingFX
I understand now tyvm
Nice winner!
+1 Reply
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