EUR.JPY - Bearish Cypher Pattern 129.376

FX:EURJPY   Euro / Japanese Yen
On the EUR.JPY 15min chart we have a potential short opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 129.376 & 129.663
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 Pattern placed at the 38.20% and 61.80% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .
veery good
very nice.. thx for sharing.. I am expecting reversal from 129.77 and here is the reason..
+1 Reply
Great setup, let's hope our analysis plays out as predicted.
+1 Reply
jhakas TomHall
yes.. :) Good Luck!
Nice chart !..I think price will go to 129.900 ..But thats my idea...Good luck
+1 Reply
TomHall johan.verm
Thank you.
It is certainly possible, there is a strong level at 129.64 area which i have my eye on also.
johan.verm TomHall
On the 4H MA 200 and 100 are making a cross around 129.450 so you could be right here....Good luck..
+1 Reply
TomHall johan.verm
Best of luck also, have a good week.
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