AUD.JPY - BEARISH CYPHER SETUP - 77.809
On the AUD.JPY 1hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 77.809 & 78.168
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 76.710
Stop loss would be placed above X leg structure resistance.
Target 1 - 77.317
Target 2 - 77.003
The price reversal zone on this pair is between 77.809 & 78.168
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 76.710
Stop loss would be placed above X leg structure resistance.
Target 1 - 77.317
Target 2 - 77.003