Short USDJPY: Possible Wolfe Wave & Bearish Cypher -TIGHT PRZ

By glennmercer
USDJPY is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD.

Confluence in the PRZ:
1. Bearish Cypher Completion
2. 1.272BC
3. 2AB=BC
4. Possible WW Reversal Zone

Follow for updates and trade ideas
AB=CDBearish CypherconfluenceCypherHarmonic PatternsHarmonic PatternsPRZS/RtargetlineWolfe Waveww
glennmercer

Related publications

Disclaimer