Fxprotrader

USDJPY Bearish Cypher About to Complete

FX:USDJPY   U.S. Dollar / Japanese Yen
Last week i posted an idea about my view on USDJPY (there is a link below) showing that this pair is bearish . For those who want to trade this pair with a smaller stoploss, there is a cypher pattern which is about to be completed. Having in mind that this market is about to sell off this pattern gives us a high probability setup.

Stoploss and profit targets as shown at the chart. If price reaches the first target we should move stoploss to breakeven to the second one.

Likes and comment if you agree!
John
Trade closed: target reached: Both targets reached.
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