USD/JPY Simple ABCD Pattern
Simple ABCD pattern where you could sell at point D & stops could be placed at previous structure levels
A retrace of .786 from the A to D move would form the point D of a bullish Cypher pattern
A retrace of .786 from the A to D move would form the point D of a bullish Cypher pattern
Note
ABCD did not play out, watching for potential cypher patternNote
Now also have a potential butterfly pattern forming where point D would be in the area of the original ABCD pattern short zone. Watch for the 1.27/1.618 extension
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.