Aleksandar_Rose
Short

USDJPY - Huge Bearish Cypher on Daily

FX:USDJPY   U.S. Dollar / Japanese Yen
For weeks I've been looking at the potential Bearish Cypher on USDJPY             on Daily Charts , and this week market hit the entry level.
As you can clearly see the stop loss is so huge if you enter right away at completion level, so I was waiting for the market to go further in the PZR in order to get less than 100 pips stop.
Currently there is less than 100 pips and price is still in the PRZ so I've shorted it - a huge bet, but with almost 1:2 R/R.

Here are the Entry, Stop and Target Levels:

Entry @ 114.16
Stop @ 115.08
Initial Target 1 @ 112.11
Initial Target 2 @ 110.84


Good Luck!
not looking good mate
Reply
@iSummer, why's that?
Reply
It looks like more of a Shark to me.
Reply
@Traine, no it's still a Cypher :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out