TomHall
Short

EUR.JPY - Daily Bearish Cypher Pattern 134.638

FX:EURJPY   Euro / Japanese Yen
On the EUR. JPY Daily chart we have a potential short opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is large as we are looking at a daily chart .
PRZ - 134.622 & 136.672
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the daily 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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Nice, but SL is too big)
+1 Reply
TomHall Eugene_Titov
If we get consolidation / retracement at the D leg area we can then look for trade setups on the lower time frames.
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This is a nice one.. Thanks mate!
+1 Reply
TomHall Josphat89
No problem at all.
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