TomHall
Short

AUD.JPY - BEARISH CYPHER SETUP - 77.809

FX:AUDJPY   Australian Dollar / Japanese Yen
On the AUD.JPY 1hr 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 77.809 & 78.168
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 76.710
Stop loss would be placed above X leg structure resistance .

Target 1 - 77.317
Target 2 - 77.003
I totally agree, but point "D" has not yet been hit... still waitin' ;)
+1 Reply
TomHall vduquenne
All we can do is analyse the market as see if we get triggered.
I hope you have a good week!
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