TomHall
Short

USD.JPY - Short Opportunity @ 112.840

FX:USDJPY   U.S. Dollar / Japanese Yen
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On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between 112.840 & 113.042
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 112.200
Stop loss would be placed above X leg structure resistance .

Target 1 - 112.553
Target 2 - 112.375
Comment: Daily chart setup.



Is this a valid bearish cypher as well ?
Reply
TomHall rajbhandarishishir
@rajbhandarishishir, Its a Fibonacci retracement of the X to C move.
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why was the D above the last candle ? Thanks in advance :)
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TomHall rajbhandarishishir
@rajbhandarishishir, Could you elaborate please, i don't fully understand.
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@TomHall, my question was how did the D end up at 113.89.
am new to Harmonics
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Boss, is the same targets 1 & 2 are still valid or changed?
Reply
TomHall salah3827
@salah3827, The trade is now invalid as it has already pressed down.
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salah3827 TomHall
@TomHall, thanks
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@TomHall, Tom.emir canceled ??
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ErdincTekerlek ErdincTekerlek
@ErdincTekerlek, I could not understand ?? Sales canceled ??
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