Oztrade
Long

EURJPY - 60M - CYPHER CYPHER - ADVANCED PATTERN

FX:EURJPY   Euro Fx/Japanese Yen
Hi All,

Setting up here we have 2 potential Cypher Patterns

Red Lines are Min Stop Levels

Green Lines are Long Entries

Blue Lines - Targets for Cypher Blue

Orange Lines Targets for Cypher Orange

Cyphers will be invalid if price pushes back up and closes beyond the 1414 Fibonacci Extension from the X to A leg for both individual Cyphers.

Cypher Orange has a 127.2 Fibonacci Extension also completing at the D

Both Cypher have a previous level of Resistance which should become support.

Good Luck and Happy Trading
Oztrade
a year ago
Guys this Lower Bull Cypher is invalid - I forgot to change the price from Bid to Ask - when performing analysis make sure Bid price for Short/Sell and Ask Price for Buy/Long - the Lower one price on ask closes above the 1.414 Fib Extension..
Reply
Oztrade
a year ago
Those who got involved looking good so far for a T1 hit for a pain free +40
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