USD.JPY - Bearish Cypher - 109.768

FX:USDJPY   U.S. Dollar / Japanese Yen
On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of a bearish Cypher setup

The price reversal zone on this pair is between 109.768 & 109.944
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 109.20
Stop loss would be placed above X leg structure resistance

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TomHall TOP Alex.Singletary
I am still bearish on this pair, but just awaiting a clean setup that fit's the rules.
yep im expecting downside as well already in with small risk. GL mate
Tom if you can clean it up a little bit and get a little bit more accurate then we could buy this snake oil stuff

Looks like we have a little more room to run north first. Looking forward to next bearish harmonics post you put up for this pair.
+1 Reply
It certainly looks that way, great post.
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