USD/JPY - Bearish Cypher
Hello traders, it appears USD/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 350+ pip return!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Remember we have a lot of high impact news over the next week.
Connect with me on social media for more trading inspiration :)
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Remember we have a lot of high impact news over the next week.
Connect with me on social media for more trading inspiration :)
Note
It's great to see everyone making profit off my analysis whilst I was away, keep up the good work!Trade closed: target reached
To those still holding, don't get greedy.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.