J_Graystone
Long

USDJPY Potential Bullish Cypher & Gartley Patterns

FX:USDJPY   U.S. Dollar/Japanese Yen
468 8 10
Following yesterdays higher high, higher close above previous structure resistance, I would expect further movement to the upside.
If price action retraces down, then advanced pattern traders have two opportunities to get involved.

Potential Gartley pattern at 118.22 and a potential Cypher pattern down at 117.95

Stops would depend on your rule for placement but below X in either case.

Of course, if price action continues higher and violates the high, then both of these patterns will be invalidated.

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Good Luck!
YemiTrader
10 months ago
Have this on my Radar too. Looking to enter it as a TCT though.
+2 Reply
J_Graystone PRO YemiTrader
10 months ago
Not a bad idea. Good Luck
+1 Reply
hovedguy YemiTrader
10 months ago
Hey Yemi, what you mean by TCT?
Reply
mendrinvest
10 months ago
I see a bat pattern in there too...
+1 Reply
J_Graystone PRO mendrinvest
10 months ago
Nice. I don't see a BAT by my rules of entry but trade what you see.
Reply
Great view, i got this setup, both worked well!
USDJPY STRUCTURE


What do you think?
Reply
Kevin_Lomax PRO
10 months ago
Nice. Hope you took this !
Reply
J_Graystone PRO Kevin_Lomax
10 months ago
Nope. didn't meet my rules of entry so couldn't get involved. On to the next one. ;-)
Reply
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