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FX_J4YD3N
Jul 11, 2015 2:09 PM

CAD/JPY - Bearish Cypher 

Canadian Dollar/Japanese YenFXCM

Description

Here we see CJ on the 4h TF
A bearish cypher is awaiting completion at D leg and at completion point the price would retest the daily TL as well as the ichi cloud which suggests it is highly probable for the price to move down at this point to targets
First Tp is set to 0.5 fibonacci level and the second Tp (dark green box) is at structure level
The SL is just above X leg
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