dezso.nagy.311

Bearish Cypher Patter on USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
0
Bearish Cypher Pattern setting up on the 1hr chart of UDSJPY. Cypher would complete at the .886 Fibonacci retracement level. Entry would be at 119.31. Stop would go above X leg right around 119.61. First profit target would be at the . 382 retracement level of the CD leg which is around 118.77. It would give us an almost 1:2 Risk/Reward ratio.