Kylan_Laymance
Short

Cyhper Pattern, CAD/JPY, 30min

FX:CADJPY   Canadian Dollar / Japanese Yen
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression .

I believe that the market will rally down into the 1.618 extension of the BC             leg before consolidating again, or reversing.

I have placed my entry at current market price, my stop is at the highest high of the pattern and my limit is at the 1.618 extension of the BC             leg.

Check back in to see the results, as always thanks for checking this out, please like comment and follow if you agree.

Thanks and good trading!
CADJPY is a long. Target is 103.47
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