I know most people have finished trading for the year but as for me, I'm not done yet because I'm still learning. We have a cypher pattern on the USDJPY. The D completion point was at 117.55 and price did come up a little past it but we are moving the right way as of right now. If price retraces a little you could still get in this I would just warn you to get your stops above the structure at 117.87. Good luck out there.
Note
Well that was a bit of a struggle. Price had come down and hit my target but didnt get me filled. As per my rules, I stuck to the trade and didnt close it early but it is a painful thing to watch. Just remember, stick to your plan it always turns out better for you.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.