Perfect Cypher on USDJPY H4, sell opportunity!
Perfect Cypher detected on USDJPY on the H4 charts. This is a perfect opportunity to sell the pair. We are going to hold this trade for a few days after seeing a definitive reversal candlestick pattern inside of the zone (in grey); patterns such as Shooting Star, Evening Star, Dark Cloud Pattern, Bearish Engulfing pattern and go in for a sell.
SL would be at previous resistance @ 107.675
TP 1 would be @ 106.579
TP 2 would be @ 105.955
TP 3 would be @ 105.395
I'm not rushing to take this trade as I know I could get a better price/better entry and could get more profit from the future movements if it works out. So I think it's better to wait for now.
SL would be at previous resistance @ 107.675
TP 1 would be @ 106.579
TP 2 would be @ 105.955
TP 3 would be @ 105.395
I'm not rushing to take this trade as I know I could get a better price/better entry and could get more profit from the future movements if it works out. So I think it's better to wait for now.
Note
10GMT - Shooting Star detected! in @ 106.891.SL and TP stay the same
Trade closed manually
Closed part of trade at 106.814 as markets are closing. Take no risksTrade active
Note
TP1 hit!Note
TP2 hit!
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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.