FX:USDJPY   U.S. Dollar / Japanese Yen
Bearish Cypher Pattern on USDJPY Hourly chart.D point has stopped in a resistance point making the reversal stronger.Stop loss should be placed in the next resistance point and target 1 is at 38.2 fib level,target 2 61.8 fib level.
Trade closed: target reached: Target 1 fib 38.2 level reached,also 50.0 fib reached and it reversed there.
Should drop!
+1 Reply
Stop calling random triangles cypher!
drin Alexander_Nikitin
This is a bearish butterfly pattern** My bad.
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