On the AUD.JPY Daily chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 83.391 & 86.360
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 74.655
Stop loss would be placed above X leg structure resistance .
Target 1 - 79.243
Target 2 - 76.658
The price reversal zone on this pair is between 83.391 & 86.360
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 74.655
Stop loss would be placed above X leg structure resistance .
Target 1 - 79.243
Target 2 - 76.658
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100% agree, let's see how the market reacts into next week.