Forexviewers

Potential Cypher Pattern on USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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11
Will be watching this today and hopefully I will get filled, closed out a winner bat on the EURUSD so thats good :) and I still have the short on the AUDUSD

Targets and Stops are on the chart

Comments

Hello mate!
thanks for sharing your idea. Although the level is quite strong (according to my market profile and price action analysis+your pattern) it may be a bit risky because of fundamentals. Trump + fed officials made US dollar quite strong yesterday and today. It may continue strenghtening regardless of our resistance. Maybe it would be wiser to look for trades in the direction of this strenghtening USD.
Best of luck!
Dale

*You can have a look at some of my analysis at my profile if you would like. I publish them every day.
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