EUR/JPY - Bearish Cypher Pattern

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 133.530 & 133.779
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 .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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still working the idea budy?
+2 Reply
TomHall TOP DouglasMesias
I am no longer interested in getting short at the D leg completion, price has exceeded the Fibonacci extension I look for.
+2 Reply
+1 Reply
Nice chart.
Nice! Good luck bud! This my latest idea on the GBPUSD
+1 Reply
SmartTradingFX SmartTradingFX
+1 Reply
TomHall TOP SmartTradingFX
Nice setup, I am currently short the GBP/USD with a different pattern.
Great idea Tom! thanks
+1 Reply
TomHall TOP Tijmen_K
Thanks very much for the feedback.
+1 Reply
Nice one.. Thanks Tom
+1 Reply
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