EURJPY 1H CyperIf the price reaches the point D, the sales opportunity. Do not forget to work without forgetting formation.
Cyper
Potential Bullish Cypher on USDJPY, 1HUSDJPY made a valid break below current structure support level(the purple one), and with this break USDJPY should extend lower towards the entry level of the potential Advanced Harmonic Pattern - Bullish Cypher, on 1H.
With this valid break we are in rotation mode, so everything in regards of the Cypher pattern will be conservative
Entry @ 111.37
Stop @ 110.69
Initial Target 1 @ 111.96
Initial Target 2 @ 112.32
Good Luck!
117pip CyPHER move in 1 hour!Price action formed a Bearish Cypher formation (D Completion around the 0.69321 level found the pattern late but luckily and happend to give me a better risk reward. price action was consolidating for most of the day at a loss until RBNZ Press Conference and RBNZ Monetary Policy news took place then price rolled over and both target 1 and 2's got taken out in less than an hour. price action is now pulling back from this huge drop off if it reaches my kill zone will be looking to take a short position once price action gives me confirmation of the down trend
Potential Cypher is ongoing in GBPUSD daily.As subject, we will have more clearer view for this Cyper after price exceeding 1.2451. On the other hand, there is a H&S pattern at the potential reversal area of the Cypher. Very nice and exciting huh? Let's wait and see the kindle reaction at each key area ;)
EURUSD Good SHORT with Cypher Pattern!Great trade with RISK/REWARD Ratio: 2.5 - 1
FX:EURUSD Short at 1.0758
SL over 1.0883
Take Profit at 1.0439
USDJPY Bullish Cypher possible So we have the start of a Bullish Cypher
IF we see a rise up to point C this will bring us in line with previous support which could turn ressistance.
Point D also falls in line with previous levels of support
Will wait for price to get to point C to get short
