J_Graystone
Short

USDJPY Short Cypher for Entry

FX:USDJPY   U.S. Dollar/Japanese Yen
738 8 19
Looking at the USDJPY             , we now have a bearish bias due to the violation of previous structure support.
As market is putting in this descending wedge pattern, we typically see a break out to the downside.

For those of you that are day traders and trade advanced patterns, there is a cypher pattern near completion up at 114.95 on the 5 min chart which you could use as your entry reason to get short.(Trading view will not let me publish the 5 min chart)

See you in the London Live Room this morning.


http://tradingeducation.omnovia.com/tradeempowered-london
JohnSS
9 months ago
Have you found that Cypher patterns on lower time frames, like the 5 minute have the same win/loss % expectancy of those found on higher time frames?
+3 Reply
That was smooth!
+2 Reply
J_Graystone PRO ThomasJeff_DCM
9 months ago
Nice little day trade to start the day
Reply
vrcnicholas
9 months ago
great trade
+1 Reply
J_Graystone PRO vrcnicholas
9 months ago
Was a great "winning" trade. I also have great "losing" trades though. all trades are great if they are entered following your trade plan rules right?
Reply
olly_price
9 months ago
Watching the same pattern, I like your incorporation of the cypher pattern to cause the move towards the support level.

Possible trend continuation from descending triangle
Reply
PateSkpate
9 months ago
Love the Pattern!!
+1 Reply
J_Graystone PRO PateSkpate
9 months ago
Thought you would like this one Kenny! ;-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out