LewisGlasgow
Short

AUD/JPY - Bearish Cypher

FX:AUDJPY   Australian Dollar/Japanese Yen
Today we are looking at AUD/JPY             on a Daily chart with a potential bearish cypher pattern, this could also potentially be a bearish gartley .

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

As you can see from previous price movement our pair has been trading within a channel, I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside!
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Thanks for this chart. I also see price moving up to complete the advanced pattern. I am looking to close my trade at the 1.272 level of the last impulse on a 4hr chart, which coincides with the .882 level or there abouts.
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LewisGlasgow PRO SaeedRehman
No problem at all, if you see anything else happening on this chart feel free to share :)
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