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Akil_Stokes
May 10, 2020 2:54 PM

CADJPY - POTENTIAL BEARISH CYPHER Short

Canadian Dollar/Japanese YenFXCM

Description

This pair is pretty straight forward as what we're looking for is a potential bearish Cypher formation. You'll actually find the exact same pattern on the NZDJPY as well as they both tend to move very similarly to each other.

For the video walkthrough of this setup please see my youtube video title "A Lesson on Structural Integrity" around the 31:00 mark

I hope you have a great trading week!

Stay Safe!

Your Trading Coach - Akil
Comments
Lucian69
Thank You Akil!
Akil_Stokes
@Lucian69, You're welcome
Germaine_Mills
Akil_Stokes
@Germaine_Mills, Thanks for sharing your idea
maxplan007
Agree
Akil_Stokes
@maxplan007, thanks
paulynmarievaldez
What do you think of Divergence at m30? I am a newbee thank you! I am learning a lot from this
Akil_Stokes
@paulynmarievaldez, Divergence can certainly be used as a clue to predict potential reversals
Dave-FX-Hunter
Agree
Akil_Stokes
@DaweFXHunter, Thanks
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