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UnknownUnicorn180388
Jun 17, 2016 9:11 AM

USD.JPY - Bullish Cypher Setup - 103.986 Long

U.S. Dollar/Japanese YenFXCM

Description

On the USD.JPY 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 103.986 & 103.767
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 setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 104.710
Stop loss would be placed below X leg structure support.

Target 1 - 104.308
Target 2 - 104.507

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Comments
FXROB
UnknownUnicorn180388
Great chart.
FXROB
Thanks Tom . BTW the profile photo is from Spain?
UnknownUnicorn180388
It is yes, i actually fly back out there on Sunday.
DigitalKM
Love the consistency !
UnknownUnicorn180388
Thanks very much.
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