FX:AUDJPY   Australian Dollar / Japanese Yen
On the AUD.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 78.364 & 77.738
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 80.238
Stop loss would be placed below X leg structure support .

Target 1 - 79.230
Target 2 - 79.768
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My view , i will enter short as soon as i see a clear break

+1 Reply
ChrisMark ChrisMark
and thanks for sharing!
+1 Reply
TomHall ChrisMark
My pleasure :-)
+1 Reply
TomHall ChrisMark
Nice setup mate, we will have to see how or if price reacts at 78.360
+1 Reply
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