Perfect Cypher detected on USDJPY on the H4 charts. This is a perfect opportunity to sell the pair. We are going to hold this trade for a few days after seeing a definitive reversal candlestick pattern inside of the zone (in grey); patterns such as Shooting Star, Evening Star, Dark Cloud Pattern, Bearish Engulfing pattern and go in for a sell. SL would be at previous resistance @ 107.675 TP 1 would be @ 106.579 TP 2 would be @ 105.955 TP 3 would be @ 105.395
I'm not rushing to take this trade as I know I could get a better price/better entry and could get more profit from the future movements if it works out. So I think it's better to wait for now.
Comment
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10GMT - Shooting Star detected! in @ 106.891. SL and TP stay the same
Trade closed manually
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Closed part of trade at 106.814 as markets are closing. Take no risks