lewglasgow
Short

GBP/JPY - Bearish Cypher

FX:GBPJPY   British Pound/Japanese Yen
Here we have another harmonic pattern shaping up, this time we are looking at GBP/JPY             on a 4h chart with a potential bearish cypher pattern.

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 a spike up to hit our D point, completing our pattern then a sharp move to the downside. I am aware there is also a valid harmonic pattern on the 1h chart which I have seen posted 10+ times on here today but to me this cypher pattern looks very promising.
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Related Ideas

FXGOOGLE
11 months ago
Nice call! Was actually looking at that on the Daily, and I found this>>>

snapshot
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lewglasgow PRO FXGOOGLE
11 months ago
If we break the 166.000 area the daily harmonic will definitely come into play, great share mate.
Reply
FXGOOGLE lewglasgow
11 months ago
Good share!
Reply
forker PRO
11 months ago
Looking for the re- bounce to the Centerline and then short too.

GBPJPY - CL met, PB and down weg go...?
+1 Reply
lewglasgow PRO forker
11 months ago
Great analysis, we should see a drop by the end of the week.
Reply
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