Bearish Cypher Pattern on USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
283 7 27
This is one of the trades i've been watching since last week and I also talked about it in my weekly video (Link below). We had a Bearish gartley pattern 40 pips winner earlier this week on this pattern and now we have another bearish advanced pattern that's almost close to completion and the fact that this pair is already showing bearish sign on a higher time frame due to the double top formed and the break of a rising trendline , its just a matter of time before we see a deep correction so now we have a bearish cypher and our RSI is also showing overbought conditions so I think you will all agree that all these evidence support my claim to short this pair but remember forex trading is probably the only business where you can do everything right and still be wrong so this is just a trade like any other and hopefully it works in our favour.

weekly video:

Structure Trade:
Trade closed: target reached
RSI looks promising...
Yes indeed, I couldn't agree more
+1 Reply
trade active??
JoMarshall jeemit1
Yes mate, Order filled
+1 Reply
jeemit1 JoMarshall
jeemit1 jeemit1
lets hit the target now
JoMarshall jeemit1
Fingers crossed
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