USD.JPY - BEARISH CYPHER SETUP - 114.316
On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 114.316 & 114.712
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 113.033
Stop loss would be placed above X leg structure resistance.
Target 1 - 113.758
Target 2 - 113.408
The price reversal zone on this pair is between 114.316 & 114.712
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 113.033
Stop loss would be placed above X leg structure resistance.
Target 1 - 113.758
Target 2 - 113.408
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USD.JPY - D leg completion at 114.316
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If you entered this position your target 1 should be attained.
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If you entered this position your target 2 should be attained.
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I appreciate all of the comments / questions & feedback, have a great week traders.
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5 EASY STEPS TO TRADE THE GARTLEY PATTERN
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My personal Bat setup strategy is available below.
