musiq787
Short

Cypher Completed. Watch Price Action

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Hi Traders,

After a great return of profit this week on the USDJPY             , we may now be preparing for a down trend after the completion of the Cypher pattern . Watch price action @111.245.

Target:
T1@ - 38.2% - 113.263
T2@ - 61.8% - 112.655

Rules for this Cypher:

CYPHER

Measure XA

Find:
Point B
At least 38.2% XA
(must close below 61.8%)

Point C
At least 127% XAX
Fib Retracement
(must close below 141.4%)

Point D
78.6% XC

Profit
38.2% CD
61.8% CD
Trade active
Comment: T1 Reached.

Moved stop loss to 0.

Waiting for T2 on this pair.

Good luck all.
Trade closed: stop reached: SL 0. Market jumped and closed at breakeven.
@tntsunrise Hi trader. I see you caught the uptrend earlier this week. Are you seeing this reverse with a Cypher pattern competition?
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