TomHall
Short

USD/JPY - Bearish Cypher Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
647 4 14
On the USD/JPY             4h chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The price reversal zone on this pair is between 123.439 & 123.752
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 Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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Congrats, great trade
+1 Reply
TomHall TOP Piet.Hein
Thank you Piet
Reply
nice trade mate
+1 Reply
Thanks very much
Reply
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