USD.JPY - Bearish Cypher At Market Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 17, 2017 12:47 PM

Currency pair - USD.JPY
Chart timeframe - 1hr
Area of interest - 112.383 & 112.590
Chart pattern - Bearish Cypher

Potential target 1 - 112.102
Potential target 2 - 111.935
Potential extended target - 111.823

Comment

⋅ Oct 17, 2017 12:52 PM

Please be cautious in trading this setup, i would await more confirmation.

Comment

⋅ Oct 18, 2017 6:52 AM

A double top is now expected with bearish RSI divergence.

Comment

⋅ Oct 18, 2017 9:50 AM

This setup is now longer valid due to a break and close above the X leg

Comments

moontumble

⋅ Oct 18, 2017 8:40 AM

Sweet! Double top where? DT at X mate? Cheers

UnknownUnicorn180388

⋅ Oct 18, 2017 9:48 AM

@moontumble, The price has just blown through now so the chart setup is invalid.

moontumble

⋅ Oct 18, 2017 9:54 AM

@tomhall, Blown through is the right description here :) Cheers, Tom!

UnknownUnicorn180388

⋅ Oct 18, 2017 10:02 AM

@moontumble, lol i will be sending out some video content in the next hour :-)

moontumble

⋅ Oct 18, 2017 10:04 AM

@tomhall, Nice! Always looking forward for that :)

Elektro-Analysis

⋅ Oct 18, 2017 8:24 AM

Thanks, managed to profit a bit hitting the 35%

UnknownUnicorn180388

⋅ Oct 18, 2017 9:48 AM

@caveset, Great to hear mate :-)

pugrxa

⋅ Oct 17, 2017 1:24 PM

Thanks! Good work as always!

UnknownUnicorn180388

⋅ Oct 17, 2017 1:24 PM

@pugrxa, Thanks very much :-)

Sofy-Neymar

⋅ Oct 18, 2017 8:55 AM

Hey Tom, Is this setup still valid?