FxSaint

UsdJpy - Longs IF this Cypher completes

FX:USDJPY   U.S. Dollar/Japanese Yen
275 12 5
There is good Cypher pattern under formation. If the price doesn't break above the point "C" & goes to @ 119.85 level then its safe to trade long & targeting the Bearish Gartley formation on daily chart . Once this bearish Gartley is completed on daily chart , at that moment longs can be terminated & shorts can be loaded.

=)
and if not `?
Reply
FxSaint BLUE43
If not than I m waiting on sidelines till it completes Bearish Gartley on daily chart, at which point I will ride the bearish wave. I want it to complete this cypher because I know there is going to be bullish wave & missing it for no entry would be very bad.
Reply
BLUE43 TOP FxSaint
or an other leg up for a short ?
Reply
FxSaint BLUE43
I m waiting for another leg up for completion of bearish gartley on daily chart for a short. No shorts before completion of pattern.
Reply
BLUE43 TOP FxSaint
i dont where you see a gartley for now, there is only up retracement up etc..
Reply
FxSaint BLUE43
WEEKLY ANALYSIS (26-30 / OCT 2015) - UsdJpy
Reply
BLUE43 TOP FxSaint
i like your idea but difficult to see a clear gart in that stuff
Reply
FxSaint BLUE43
I agree, its not very clean & many wont find it. But its Gartley which fulfills required ratio.
Reply
BLUE43 TOP FxSaint
simply we can also have an abcd extension at the 123 -124.600 area
+1 Reply
FxSaint BLUE43
Yes we can, thats one more confluence with one more pattern.
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wht's the target, if cypher pattern complete ????????????
Reply
FxSaint pathaniasourabh
Generally cypher target goes to 38.2% fib level of CD leg, but in this case I m targeting 123.XX level where the Daily TF Gartley completes.
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