Dustrius
Long

Bullish Cypher Pattern setting up on USDJPY hourly chart

FX:USDJPY   U.S. Dollar/Japanese Yen
Attached is an image of a cypher pattern setting up on the USDJPY             hourly.
Details are in the image, but to recap:

Entry is between 119.467 and 119.335. Up to you how deep you think it will dive.

Stoploss is below X (indicated in the image). I'm putting mine around the 119.170's.

Target 1: 38.2% retracement of CD. 119.856
Target 2: 61.8% retracement of CD. 120.174. However, 120 is an even-handled number and may be a stubborn resistance level , so perhaps lower the Target 2 to just below 120.
Nice chart, following your idea.
Have safe trades.
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