TomHall
Short

GBP.JPY > Short Opportunity

FX:GBPJPY   British Pound / Japanese Yen
1734 views
80
Currency pair - GBP.JPY
Chart timeframe - 4hr
Area of interest - 143.992 & 145.431
Chart pattern - Bearish Cypher

Potential target 1 - 141.961
Potential target 2 - 140.654
Potential extended target - 139.00

Please implement your own due diligence prior to entering the market.

Comments

Hi Tom,

I've pasted a copy of my chart here (https://www.tradingview.com/x/OZI1SX5L/) It looks like point C is exceeding the 1.414 extension of X => A (thus invalidating the pattern). Are you seeing this as well?

J
+1 Reply
TomHall Josaca
@Josaca, Hi,

Personally it doesn't close below so still valid for me.
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loved your color scheme, pretty unique never saw such before :)
Reply
@RJUN, Thanks very much, i appreciate the message :-)
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I prefer 145 area
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TomHall lea_lemon_goldholly
@lea_lemon_goldholly, It's certainly an area of interest.
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@TomHall, 145.40 area projection from 61.8 . And also upper bb daily . So i do believed that area good point to short and also target area whom buy it .
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TomHall lea_lemon_goldholly
@lea_lemon_goldholly, I will need some confirmation into this evening, if price gets up there.
Most likely a trade into next week for me.
Reply
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