dezso.nagy.311

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dezso.nagy.311 dezso.nagy.311 USDJPY, 60, Short ,
USDJPY: Bearish Cypher Patter on USDJPY
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USDJPY, 60 Short
Bearish Cypher Patter on USDJPY

Bearish Cypher Pattern setting up on the 1hr chart of UDSJPY. Cypher would complete at the .886 Fibonacci retracement level. Entry would be at 119.31. Stop would go above X leg right around 119.61. First profit target would be at the .382 retracement level of the CD leg which is around 118.77. It would give us an almost 1:2 Risk/Reward ratio.

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