Bearish Cypher - USD/JPY

FX:USDJPY   U.S. Dollar / Japanese Yen
65 2 3
A high probability trade here on this pair as price is on it's way up to completing a bearish cypher pattern at the 0.786 level. This level also has come confluence with previous structure resistance which may most likely turn into support. We also expect overbought conditions on the stochastic as well as divergence.
Trade closed: stop reached: News event cause trade to go in the other direction.
im still short on this pair bro. Price is being held at 61.8 level now...must be the talk on a rate hikes causing this USD strength
+1 Reply
Mandeep.Singh DavidMarcy_TradeHuntFx
Yeah I think it is, what a shame!
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