CAD.JPY - BEARISH CYPHER SETUP @ MARKET - 87.724
On the CAD.JPY Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 87.724 & 88.779
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 77.000
Stop loss would be placed above X leg structure resistance .
Target 1 - 82.800
Target 2 - 79.717
The price reversal zone on this pair is between 87.724 & 88.779
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 77.000
Stop loss would be placed above X leg structure resistance .
Target 1 - 82.800
Target 2 - 79.717
Comment:
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
Comment:
Potential JPY strength in the coming weeks with many daily setups looking short.
Comment:
My basic entry rules.
Comment:
CAD.JPY - Price holding at strong resistance, a solid RR available
Comment:
Price looks to be respecting the 88.500 resistance level, a potential downturn from here.
Comment:
Trade update.
