Akil_Stokes
Short

USDJPY: Bearish TCT Cypher Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
When checking out the USDJPY             this morning, the first thing that I noticed was rotation in then tend. After getting rejected on a gap fill the market dipped lower breaking previous support and giving us a new structure low. As price action shows some relief and retraces back I was looking for an opportunity to get short as close as possible to previous structure highs. Looking closer I noticed that we actually had a bearish cypher as well and BAM that was a good enough reason for entry for me.

So this is a scenario where I’m not just looking to play this as an advanced pattern , but as a potential trend continuation trade as well.

*The "risk/reward" tool isn't quite accurate on the stop but I was rushing to get this posted before the move was made
Akil Stokes
Chief Currency Analyst at http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM
Forex Weekend Review Videos: https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
2618 FREE TRAINING http://buff.ly/2udJgeT

THE 100K DISCOUNT ENDS SOON http://buff.ly/2tngsBV

FREE Training Lessons & Workshops http://buff.ly/2udJgeT

Follow My Journey & Recieve Daily Trading Tips- The Trading Blog Video - http://buff.ly/2v58xWu
I think we might see a rally emerge from here.
If you get your pullback, it might also be a buy.
Reply
Out for +20, breakeven on the remainder of the position
Reply
AKIL, CHECK OUT THIS NICE CYPHER COMPLETION I JUST POSTED. ITS A HUGE ONE BUT A VERY GOOD ONE FOR THE PEOPLE WHOSE ACCOUNT MANAGMENT LET THEM TRADE THESE BIG ONES
EURNZD D1 HUGE ASS CYPHER PATTERN AT COMPLETION
HAHA I ACTUALLY POSTED THIS ON THE WRONG PERSONS CHART
Reply
Akil_Stokes PRO ErrolMuller
wouldn't be one for me, but best of luck with it. My eyes just pick out a different B leg
+1 Reply
ErrolMuller Akil_Stokes
jip I thought of that but was happy with the one I picked. But Thanks appreciate the honesty
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out