USDJPY - Short the Cypher pattern (harmonics)

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.

Yorum:

Half positions closed with 1:2 risk/reward ratio and remaining positions closed break-even.

Will find another opportunity.

Trade closed

Yorum: