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MichaelCollins18

NZD/JPY Bearish Cypher daily chart

Short
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
MichaelCollins18  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Technical Indicators Forex harmonictraders shortsetup
2
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trendanalysis harmonicpatterns indicator forex harmonictraders shortsetup
Hi guys, here we have a bearish cypher pattern having formed from NZD/JPY on the daily charts,
This is a great trading opportunity with a risk/reward ratio of 1:2.5

The valid ratios for a Cypher pattern are listed below
X-B:0.382-0.618
A-C:1.272-1.414
X-D:0.786

I hope you guys all have a great week trading and if you have any questions feel free to contact me by leaving a comment or sending me a message.
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