Cliff1968
Long

USDJPY Possible Cypher

FX:USDJPY   U.S. Dollar/Japanese Yen
56 2 1
Possible long off a Cypher Pattern , the BC             leg is a little long but still looks pretty good. This is my first post, what do you guys think?
forexpipx
2 years ago
i thought in a cypher the c leg had to close below 1618, D leg also comes down to 78.6%
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Cliff1968
2 years ago
snapshot
snapshot
Thanks for your comment, so you can understand I came from the MT4 platform world and have just discovered tradingview which is amazing. But to your point when on MT4 I use the Fib Retracement tool to find my levels. I inserted a couple more charts for reference using the retracement tool and by doing so this cypher falls with in the correct levels except the BC leg. I also would like to say that this is how Jason Stapleton shows to be the correct way to use the fib to find the pattern fib levels. If you don't know who he is look him up on you-tube, he has a great channel. I love this harmonic drawing tool but levels don't match the fib retracement tool, maybe you could explain the difference. Thanks again.
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