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Capra

USD/JPY Simple ABCD Pattern

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Capra Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
4
3
Simple ABCD pattern where you could sell at point D & stops could be placed at previous structure levels

A retrace of .786 from the A to D move would form the point D of a bullish Cypher pattern
Comment:
ABCD did not play out, watching for potential cypher pattern

snapshot
Comment:
Now also have a potential butterfly pattern forming where point D would be in the area of the original ABCD pattern short zone. Watch for the 1.27/1.618 extension

snapshot
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