tommyb35

Bearish Cypher Ahead of ECB Rate Decision

Short
FX:EURJPY   Euro / Japanese Yen
Right now i'm getting ready for my live trading room stream, and I came across this bearish cypher pattern here on EURJPY. This will potential complete @ 122.531. Minimum stops need to be above the X-Leg. Here on the chart I have my stops at a 1.130 fib inversion of the X to A leg. Target 1 will be at the 38.2 fib retracement and target 2 will be at the 61.8 fib retracement.
If you would like to join me for the live stream, here is the link: http://www.youtube.com/channel/UCzmQLmi44Kcia-iuvV2qvaA/live
Good Luck and Good Trading!

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