lewglasgow
Long

EUR/JPY - Bullish Cypher

FX:EURJPY   Euro Fx/Japanese Yen
Today we are looking at EUR/JPY             on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading opportunity.

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I'll be expecting price to stall out around our D point, completing the pattern then a sharp move to the upside! If you want additional analysis on this pair check out my previous idea in the link below.
Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

Email: lewis@sixfigurecapital.com

Youtube: https://www.youtube.com/c/LewisGlasgow
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