Alex_BPTrader
Long

USDJPY - Bullish Cypher

FX:USDJPY   U.S. Dollar/Japanese Yen
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation here on 1H, USDJPY             .
The Cypher Formation is presenting nice counter trend opportunity - stops beyond X leg, Targets are conventional 0.382/0.618.

Entry @ 101.82
Stop @ 101.12
Initial Target 1 @ 102.42
Initial Target 2 @ 102.79

Good Luck!

-Alex
Professional Currency Trader & Owner of www.beaprofitabletrader.com

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-Alex
Professional Currency Trader & Mentor
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NareFx
7 months ago
Hey Alex, Is this pattern still active since it passed the Entry @ 101.82??
Reply
Alex_BPTrader NareFx
7 months ago
Yes, price can reverse anywhere from entry level to X leg.
Reply
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