Cypher Pattern, AUD/JPY, 15 min

FX:AUDJPY   Australian Dollar / Japanese Yen
Here we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down.

I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.

My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the cypher pattern .

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Good Trading everyone!
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