avoryhoward

possible bullish cypher pattern

FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
Possible SHORT opportunity until projected cypher pattern completion between 87.200-87.010
C point completed at end of bat pattern on one of my other idea charts
price drops below MA 8 and MA 20 also drops straight through RSI trigger bar S.o.R.

Taking a SHORT in this position poses a high risk; must take a look at all information before SHORT trade execution.
Update upon completion of pattern for LONG TP & SL targets


Please comment if any contradiction seen to help my growth as a trader. Please and Thank You!


S.o.R.= Support or Resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.