2018Jun17 USDJPY H4 Possible Bullish Cypher

There is a possible bullish cypher for USDJPY. Upon D completion at 108.709 (78.6 of XC) and confirmation of the bullish bias, I will go long. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bullish Cypher
Price Entry 108.709
SL 107.867 | SL pips 84.2
TP1 109.551 | TP1 pips 84.2
TP2 110.067 | TP2 pips 135.8
RRR1 1.00 | RRR2 1.61

Order cancelled:

This setup is invalidated as D completion did not occur. (June 25)