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UnknownUnicorn180388
Feb 9, 2016 9:21 AM

EUR.JPY - Bearish Cypher Pattern 129.376 Short

Euro Fx/Japanese YenFXCM

Description

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.

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Comments
jhakas
very nice.. thx for sharing.. I am expecting reversal from 129.77 and here is the reason..

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UnknownUnicorn180388
Great setup, let's hope our analysis plays out as predicted.
jhakas
yes.. :) Good Luck!
johan.verm
Nice chart !..I think price will go to 129.900 ..But thats my idea...Good luck
UnknownUnicorn180388
Thank you.
It is certainly possible, there is a strong level at 129.64 area which i have my eye on also.
johan.verm
On the 4H MA 200 and 100 are making a cross around 129.450 so you could be right here....Good luck..
UnknownUnicorn180388
Best of luck also, have a good week.
lanevo
veery good
johan.verm
Congrats!!
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