Hi All, another one to keep on your radar we have a potential Cypher Pattern here on USDJPY
I will also be keeping an eye on this pair if price continues upward and we dont break the C leg with a minimum of 62.8% retrace then we may have a Gartley Pattern close to the same entry level as this Cypher.
It will be interesting as we have had a break below B leg but not closed below yet.
I also posted the Bearish Cypher which is still Valid as we have not closed beyond the 1.414% check the pattern that I posted the other day for USDJPY Bearish Cypher
As always on screen Entry Stops Targets
Entry will be standard 78.6% entry for Cypher
Stops Minimum Level at 1.113% Fib Extension from the A to X leg
Initial Targets will be standard 38.2% and 61.8% Retrace from the C to D leg - Targets to be adjusted on D completion.
Targets will also be just below the 38.2% and 61.8% to ensure we have our targets reached.
Enjoy and take care.
I will also be keeping an eye on this pair if price continues upward and we dont break the C leg with a minimum of 62.8% retrace then we may have a Gartley Pattern close to the same entry level as this Cypher.
It will be interesting as we have had a break below B leg but not closed below yet.
I also posted the Bearish Cypher which is still Valid as we have not closed beyond the 1.414% check the pattern that I posted the other day for USDJPY Bearish Cypher
As always on screen Entry Stops Targets
Entry will be standard 78.6% entry for Cypher
Stops Minimum Level at 1.113% Fib Extension from the A to X leg
Initial Targets will be standard 38.2% and 61.8% Retrace from the C to D leg - Targets to be adjusted on D completion.
Targets will also be just below the 38.2% and 61.8% to ensure we have our targets reached.
Enjoy and take care.
