Cypher Pattern with Price Action Support, AUD/JPY, 30min

FX:AUDJPY   Australian Dollar / Japanese Yen
Here we see a solid cypher pattern on the AUD/JPY             charts. I suspect this will rally to the 1.618 extension of the BC             leg, as always, remember, consistent strategies make money.

I have places my stop at point X and my entry at point B giving my a 2:1 risk reward ratio.

I have forecast that the market will likely continue in the linear regression channel, which we are also using as evidence for trend continuation of the cypher pattern with a price action trading tactic; it is likely that this trade will take roughly a day and 7 hour to complete, but most likely sooner.

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Thanks again, and as always, Good Trading.
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