11021992
Short

CADJPY bearish cypher pattern

FX:CADJPY   Canadian Dollar/Japanese Yen
48 0 9
Hi traders,

On this pair we can also see a cypher pattern forming. The pattern remains valid as long as the C-leg doesn't close beyond the 141.8% FIbonacci extension. The wick can go past it, though.
Entry: 86.722
Stop: 89.562
Target: 82.264 = R:RR 1.57

Good luck!
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