Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week.
Will be hoping for the volatility to pick up again now were out of the Christmas and New Years break and start bringing in the pips!
Targets for this pattern are 382 and 618 retracement of X-C. Stop loss placement is a 113 retracement above X-C.