Hi Traders,
After a great return of profit this week on the USDJPY, we may now be preparing for a down trend after the completion of the Cypher pattern. Watch price action @111.245.
Target:
T1@ - 38.2% - 113.263
T2@ - 61.8% - 112.655
Rules for this Cypher:
CYPHER
Measure XA
Find:
Point B
At least 38.2% XA
(must close below 61.8%)
Point C
At least 127% XAX
Fib Retracement
(must close below 141.4%)
Point D
78.6% XC
Profit
38.2% CD
61.8% CD
After a great return of profit this week on the USDJPY, we may now be preparing for a down trend after the completion of the Cypher pattern. Watch price action @111.245.
Target:
T1@ - 38.2% - 113.263
T2@ - 61.8% - 112.655
Rules for this Cypher:
CYPHER
Measure XA
Find:
Point B
At least 38.2% XA
(must close below 61.8%)
Point C
At least 127% XAX
Fib Retracement
(must close below 141.4%)
Point D
78.6% XC
Profit
38.2% CD
61.8% CD
Trade active
Note
T1 Reached. Moved stop loss to 0.
Waiting for T2 on this pair.
Good luck all.
Trade closed: stop reached
SL 0. Market jumped and closed at breakeven.
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.
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.