A huge cypher pattern on the dollar yen

19 Jan 2017

If you like taking big trades on the hourly, this one is for you. It is an advance cypher pattern set up that normally has targets at the 38.2% and 61.8% Fibonacci retracements of the C-D leg. For this pattern you're going to have to have at least a 100 pip stop but thankfully the R:R is a little more then 1:1 which is not very normal for the cypher pattern. Just be sure to follow what ever your plan says because that's how you'll end up being profitable.