lukeboland
Long

USDJPY: Bullish Cypher

FX:USDJPY   U.S. Dollar / Japanese Yen
Hey Trader,

We have a bullish Cypher pattern forming here on USDJPY             with D leg completion at 109.130.

I am currently in the process of back testing Cypher , Gartley and Bat patterns with the intention of adding at least one of these strategies to my current trading repertoire. Only take trades if they meet you pre-determined trading requirements and trade plan. If you don't have a clear trading plan, please get one, it has made all the difference to my trading performance.

Entry: 109.130
Stop: 108.620
Target 1: 109.68
Target 2: 110.00

Good trading for the week ahead,

Luke
Order cancelled: Cypher Pattern invalid, C leg does not reach 127.2% extension of the XA move. Apologies for posting invalid pattern, need more practice identifying advanced patterns!
Not a Cypher. C leg no valid
Reply
True, thanks for pointing it out, I measured C leg incorrectly
Reply
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