Rough Cypher Pattern
Updated
Cypher
Met all 4 points in rough succession of our X-A, A-B and possible turning point at B-C with a bullish engulfing, 2 points in total to go long to the 1.272 and subsequently short back to point C of our .618 retracement of A->B
USDJPY
Met all 4 points in rough succession of our X-A, A-B and possible turning point at B-C with a bullish engulfing, 2 points in total to go long to the 1.272 and subsequently short back to point C of our .618 retracement of A->B
USDJPY Note
Price continued to .786 retracement of AB leg making the gartley pattern more apparent and giving point D a 1.27 measure on BD if C is moved to the lower price. Still looking good.Note
Break down, stopped out
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