GBP.JPY - Bearish Cypher 151.002 & 151.916 Short

British Pound/Japanese YenFXCM

Description

⋅ Nov 20, 2017 4:44 PM

Currency pair - GBP.JPY
Chart timeframe - 4hr
Area of interest - 151.002 & 151.916
Chart pattern - Bearish Cypher

Potential target 1 - 149.707
Potential target 2 - 148.900
Potential extended target - 148.337

Comment

⋅ Nov 29, 2017 3:13 PM

Price now approaching D leg completion at 151.002

Comments

MarcelMartins

⋅ Nov 30, 2017 12:52 PM

There we go, waiting for the reversal.

UnknownUnicorn180388

⋅ Nov 30, 2017 1:10 PM

@MarcelMartins, I hope all goes well your end :-)

thejuveniletrader

⋅ Nov 30, 2017 6:18 AM

D leg complete. Monitor it closely before entering!

UnknownUnicorn180388

⋅ Nov 30, 2017 10:52 AM

@thejuveniletrader, 100% agree, never just jump in.

jaime10kid

⋅ Nov 30, 2017 6:08 AM

D completion triggered?

UnknownUnicorn180388

⋅ Nov 30, 2017 10:52 AM

@jaime10kid, The pattern is now complete due to a breach of D leg completion.

thejuveniletrader

⋅ Nov 30, 2017 1:48 AM

Hi tom. Is the gap between the two area of interest really that huge?

UnknownUnicorn180388

⋅ Nov 30, 2017 10:52 AM

@thejuveniletrader, Hi,

I don't fully understand sorry.

MarcelMartins

⋅ Nov 29, 2017 4:19 PM

May i ask, im new on this thing, doesnt that candle at 2017-11-28 14:00:00 invalidate this pattern? Thanks man.

MarcelMartins

⋅ Nov 29, 2017 5:27 PM

@tomhall