Short USDJPY: Possible Wolfe Wave & Bearish Cypher -TIGHT PRZ

Sep 17, 2015

USDJPY is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD.

Confluence in the PRZ:
1. Bearish Cypher Completion
2. 1.272BC
3. 2AB=BC
4. Possible WW Reversal Zone

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