U.S. Dollar / Japanese Yen

Short

potential bearish cypher pattern + structure

By VasilyTrader

Updated

snapshot

hey guys,

on dollar yen we have almost completed bearish abcd pattern.

looking left we see that the pattern completion point matches perfectly with significant resistance area looking left.

as the market enters this zone I will be looking for confirmation to sell the pair.

the initial target is based on structure.

good luck!

Note

Entering selling zone

Note

consolidation inside a selling zone

Trade active

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Also on:

Related publications

trading plan for dollar cad: sell the retest of broken support

by VasilyTrader

where gold is going next? trading plan for gold

by VasilyTrader

trading plan for pound dollar: potential bearish movement

by VasilyTrader

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.