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4X-Trader
Dec 12, 2017 11:08 AM

USDJPY (4H) - potential BEAR BAT + BULL CYPHER + an BEAR ABCD 

U.S. Dollar/Japanese YenFXCM

Description

First I need to appologize for this very confusing picture where I anticipate 3 separate patterns.

Given a daily level of support around 111.6 and a level or resistance around 114.3 there could develop a CYPHER pattern (matching the lower level of support) which could be followed by a BAT pattern (terminating at the upper level of resistance). Or we could just see a BAT pattern in combination with an ABCD lining up with the higher resistance level on a daily basis.

We'll see how this one turns out and what comes first.

Comment

... the ABCD would run from the XAB of the CYPHER to the D of the BAT.
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