Jump to: Pattern Result
Date and Arrival Time: 2021-03-25 07:30
Symbol Name: USD/JPY
Pattern and Direction: Bearish Cypher
Pattern Completion Price: 108.992, Pattern Ideal Completion Price: 108.9065
An Completed Bearish Cypher has arrived at 07:30 UTC.
There is a potential Sell opportunity at 108.992. A safe stop-loss for this Cypher can be kept at 109.0450 as per the pattern or 1% above the completion depending on the trader’s risk tolerance. PatternSurfer always advocates tight stop-losses to maintain the best risk-reward ratios .
UPDATE: 25th March – Invalidation
Take a look at the results of this Cypher below. After the price goes and maintains a level beyond the pattern invalidation level, the potential trade would be considered lossy and exited.
