USD/JPY - Bearish Cypher
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 :)
Catatan
It's great to see everyone making profit off my analysis whilst I was away, keep up the good work!Trading ditutup: target tercapai
To those still holding, don't get greedy.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.