TomHall

USD/JPY - Bearish Cypher Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
On the USD/JPY             4h chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The price reversal zone on this pair is between 123.429 & 123.747
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

Website.
www.UKForexSignals.com
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
UmrazAhmed
a year ago
whats the sl and tp ?
+1 Reply
TomHall TOP UmrazAhmed
a year ago
The take profit's are at the 0.382% & 0.618% of the C to D move.
The stop loss must go above the X leg
Reply
UmrazAhmed TomHall
a year ago
is this long or short?
+1 Reply
pyramids_Forex UmrazAhmed
a year ago
It is short but not now only when the price touch D point then you can put the profit's TP1 and TP2 to the red lines and SL 10 PIPs above X point
+1 Reply
TomHall TOP UmrazAhmed
a year ago
Below is correct, a D leg completion must be in place before considering a short trade.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out