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Long

USDJPY Potential BULLISH CYPHER PATTERN

FX:USDJPY   U.S. Dollar/Japanese Yen
47 0 3
Status of the MARKET USDJPY:
Position: SHORT
TP1: D completion of the Cypher Pattern
TP2: Trailing Stop with 40 pips incase the price will break the validity of the upcoming BULLISH CYPHER PATTERN

ENTRY 1 stats:

Enter LONG @ 107.55 (78.6% of XA leg)
SL @ 106.17 (90 pips)

4 units:
TP1: 108.40 (135 pips)
TP2: 109.23 (217 pips)
TP3: 110.57 (350 pips)
TP4: TS            

Note: SL for TP2,3,4 is move to breakeven when TP1 is reach

ENTRY 2 stats:

Enter LONG @ 106.77 (161% of Ext. BC             leg)
SL @ 106.17 (60 pips)

4 units:
TP1: 108.40 (165 pips)
TP2: 109.23 (247 pips)
TP3: 110.57 (380 pips)
TP4: TS            

Note: SL for TP2,3,4 is move to breakeven when TP1 is reach

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