Hey guys,
this is a big cypher pattern that's already completed on USDJPY. This means we are now in a reversal zone, based on the ratios of this pattern. When such a large pattern appears i'd rather play "conservative". I've outlined a reversal box and i'm now waiting for a further confirmation on lower timeframes, such as 1hr and 4hr. Uptrend is still strong but who knows what will happen.
If you have questions or ideas to share, feel free to comment below.
Otherwise, see you in the next chart!
this is a big cypher pattern that's already completed on USDJPY. This means we are now in a reversal zone, based on the ratios of this pattern. When such a large pattern appears i'd rather play "conservative". I've outlined a reversal box and i'm now waiting for a further confirmation on lower timeframes, such as 1hr and 4hr. Uptrend is still strong but who knows what will happen.
If you have questions or ideas to share, feel free to comment below.
Otherwise, see you in the next chart!
Comment:
Order ready:
Trade active
Trade closed: target reached:
First target hit! Stops at breakeven now:
Trade closed: target reached: