USD/JPY - Bearish Cypher
Updated
Hello traders, it appears USD/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 350+ pip return!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Remember we have a lot of high impact news over the next week.
Connect with me on social media for more trading inspiration :)
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.
Remember we have a lot of high impact news over the next week.
Connect with me on social media for more trading inspiration :)
Note
It's great to see everyone making profit off my analysis whilst I was away, keep up the good work!Trade closed: target reached
To those still holding, don't get greedy.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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