USDJPY pair has formed a Cypher pattern.
D point of the Cypher pattern is also at the same price level as the downtrend line (orange) acting as another resistance.
I have shown 3x possible price levels to place stop loss depending on your strategy.
Could be a good time to sell.
Good luck.
Taiwan Bear
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Please note this post is provided for informational purpose only. It is not a financial advice to buy/sell.
D point of the Cypher pattern is also at the same price level as the downtrend line (orange) acting as another resistance.
I have shown 3x possible price levels to place stop loss depending on your strategy.
Could be a good time to sell.
Good luck.
Taiwan Bear
******************************************************************************************
Please note this post is provided for informational purpose only. It is not a financial advice to buy/sell.
Note
Half positions closed with 1:2 risk/reward ratio and remaining positions closed break-even.Will find another opportunity.
Trade closed
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.