USDJPY - Potential bearish cypher pattern Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 5, 2017 1:37 PM

Bearish cypher pattern completing up around 113.925. I will be watching the daily for signs of a reversal once price reaches that level (RSI divergence and/or candlestick pattern) then look for a short entry on a lower timeframe.

Trade active

⋅ May 10, 2017 7:26 PM

Trade closed: target reached

⋅ May 17, 2017 3:17 PM

Target #1 hit.
Target #2 is 110.513

Trade closed: target reached

⋅ May 18, 2017 5:08 PM

Target #2 hit