Cypher Pattern Daily CHF JPY.

٢٠ يوليو ٢٠١٧

On the daily, it looks like a textbook Cypher Pattern. I will be selling and moving my stoploss all the way down to the D extension. Then, taking a BUY position when it reaches the D extension and follow it all the way up to a New Daily High, trailing my stop loss as well. This is a long term trade, but I believe it will be worth the investment as long as I keep my Stop Loss at a level that doesnt get stopped out too early.