Alex_BPTrader
Long

USDJPY - Bullish Cypher

FX:USDJPY   U.S. Dollar/Japanese Yen
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation that is aligned with the underling bullish trend on 15M.
I will use the Cypher as an entry reason for hopping on that trend.
My 1st target will be 0.382% and 2nd will be a retest of the NSH             (A's leg). Stops as usual beyond X, and X being a current structure level (correction move ended there) - so my stops will be not only beyond X but beyond, but they will be beyond current structure level - securing my Trend Continuation Opportunity.

Good Luck!

-Alex
Professional Currency Trader & Owner of www.beaprofitabletrader.com

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-Alex
Professional Currency Trader & Mentor
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TucKinetti
5 months ago
what's your next strategy for this pair, after hitting your TP1 or TP2?
Reply
Alex_BPTrader TucKinetti
5 months ago
Looking for another good trade :)
Reply
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