Fxprotrader
Short

EURJPY Bearish Cypher Pattern Completion

FX:EURJPY   Euro / Japanese Yen
Price in EURJPY             has completed a bearish cypher pattern. I am a bit late trading the 0.786 fib level but i truly believe that it has great potential to go south i will still enter but in a different way. As we see in the chart from D point price moved sharply to the down and after a while it started correcting testing now the previous broken trendline of a larger corrective structure.

I will enter in this level with my stoploss above point and profit targets the 0.382 and 0.618 of the CD wave.
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