USDJPY 1HR: Potential Bull Cypher @ Previous Structure Support

FX:USDJPY   U.S. Dollar / Japanese Yen
Looking at a potential Bullish Cypher Pattern here on the $USDJPY             . Normally I would tell you that this particular pattern is coming in at a nice level of previous structure support , but with the Yen being trapped within this consolidation area since late August, I don’t think it makes much of a difference.

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Good Luck this week traders!

Akil Stokes
Chief Currency Analyst at Trade Empowered
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hey, Akil. The cypher was few ticks away from completion before price went higher. Will you cancell trade or will you wait for completion (if only it completes)?
+1 Reply
Akil_Stokes Alexander_Nikitin
My orders have been cancelled
Hi Akil, may I ask you what is the retracement of D?
Thank you!
+1 Reply
TJtrader TJtrader
Sorry, my friend, I found XC:78.6.
Looks good, thank you!
+1 Reply
hey, Akil. long here with this bat)
+1 Reply
Akil_Stokes Alexander_Nikitin
Nice I didn't even notice that. invalid for me now but I certainly would have jumped on that as well
+1 Reply
yeah, I like smaller patterns 'cause they play quckly. yes-yes, no-no))
+1 Reply
Akil_Stokes Alexander_Nikitin
what counts as small?
+1 Reply
if we have two: smaller one and bigger one , i'd prefer smaller one
+1 Reply
Akil_Stokes Alexander_Nikitin
Ahh, gotcha thanks!
+1 Reply
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