Max_N
Short

EURJPY CYPHER SHORT AT 129.29

FX:EURJPY   Euro / Japanese Yen
116 views
8
116 6
As the week chart below showed, after a return move to the former neckline 136 of the complex head, price goes down the support line 130.13, and is retesting.

The next support levels are:
-AB 1.27 EXT: 124.95
-AB 1.414 EXT, objective of head, and 50% retracement: 121.94

Short at 129.29:
-cypher pattern 0.786
-1.27 EXT in leg CD

Targets : 126.90, 124.95, 121.94

You sure that's not a shark?
Reply
Max_N riskmode
Sorry, I don't know about shark. Can you picture it?
Reply
Its the same as a cypher except the final point extends to the 113 extension of XC
Reply
Max_N riskmode
I googled shark pattern, they overlap. According to , the ABCD pattern in D leg must been concerned.
Reply
what do you think?
Reply
Max_N KevinSinghDhaliwal
There are some structures around 126.80, so maybe it will go upward.
Let's wait for the FOMC.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out