CADJPY / Short / Cypher completion near structure resistance
2018-5-09
1. Price has been trying to push above the Daily Resistance Zone (Blue)
2. However, it failed twice and formed a Double Top
3. Previous low has been taken out
4. We are looking for an aggressive entry with the Cypher Pattern
Stop Loss above the structure resistance Highs
Short term target at 0.382 Fib Retracement
1. Price has been trying to push above the Daily Resistance Zone (Blue)
2. However, it failed twice and formed a Double Top
3. Previous low has been taken out
4. We are looking for an aggressive entry with the Cypher Pattern
Stop Loss above the structure resistance Highs
Short term target at 0.382 Fib Retracement
Trade closed: stop reached
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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.