Nico.Muselle

USDJPY - Potential bullish cypher pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
Depending on how the market will continue the reaction of Friday's news events, we might see the completion of this bullish cypher pattern or not.
Personally I will not enter with a limit order as there is no structure at the pattern completion, there is however some 10 pips lower (orange dotted line). If price reaches this point I will look for confirmation for a reversal as this increases our Risk/Reward ratio.

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