Akil_Stokes
Long

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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Having it since yesterday... waiting ... waiting ... waiting...
UsdJpy - Longs IF this Cypher completes
+1 Reply
Nice, hopefully that waiting will be rewarded. Interesting week ahead of us though so hopefully it will complete today
Reply
Thx for sharing.
I also got my eyes on this one.Let's see how it goes.
+1 Reply
Akil_Stokes PRO Don_Corleone
Awesome!
Reply
Why not a Head & Shoulder.

snapshot
+1 Reply
If that's what you see it as, trade it that way. I'm not a head and shoulders trader so they're simply not part of my analysis
Reply
hs works better if the neckline is horisontal. cypher's targets are not so large. well, yes we may see a breakout to the downside where cypher completes, then a pullback to retest broken support (which now should become resistance) where cypher traders close their buys and hs pattern traders come into play. we can see a wonderful downside movement. why not)
Reply
hey, Akil. long here with this bat)
usdjpy long idea
+1 Reply
Akil_Stokes PRO 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))
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Akil_Stokes PRO 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 PRO Alexander_Nikitin
Ahh, gotcha thanks!
+1 Reply
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. 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 PRO Alexander_Nikitin
My orders have been cancelled
Reply
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