11021992

CADJPY bearish cypher pattern

Short
11021992 Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Hi traders,

On this pair we can also see a cypher pattern forming. The pattern remains valid as long as the C-leg doesn't close beyond the 141.8% FIbonacci extension. The wick can go past it, though.
Entry: 86.722
Stop: 89.562
Target: 82.264 = R:RR 1.57

Good luck!
Trade active
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.