Daniel.Dalo

USDJPY - Bearish Cypher and 2618 long setup

FX:USDJPY   U.S. Dollar/Japanese Yen
2618 TRADE SETUP:
* Wait for price to break the resistance near 101. 800             and then wait for the 61.8 retracement to get long.

Cypher:
* Be aware of how far price goes before retracing to the 61.8 level, as it may complete a Cypher pattern , in which we would have an opportunity to go short from there and then take the 2618 setup to go long.

If price completes the 2618 setup, we could go long from there and then take the Cypher completion as a short entry.

Either way, there are two great setups if you (like myself) missed the double bottom opportunity :-)
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