USD/JPY CYPHER AND BUTTERFLY PATTERN FORMATION ON THE DAILY

18 May 2017

HELLO TRADERS I JUST SPOTTED THESE TWO PATTERNS CONFLUENCE (BASED ON HOW I DRAW MY CYPHER PATTERN WHICH IS A LITTLE BIT DIFFERENT TO THE REGULAR ONE)AND AS YOU CAN SEE ALSO COULD BE A BEAUTIFUL FORMATION OF AN AB=CD PATTERN ON THE COMPLETION OF THE CD LEG. THE COMPETITION COULD TAKE MORE THAN A MONTH TO FORM BUT IT IS A GOOD ONE TO PAY ATTENTION TO. I HAVE A SMALL RISK REWARD BASED ON THE CYPHER PATTERN AND A BIG ONE BASED ON A WEEKLY ANALYSIS. REMEMBER THIS IS JUST WHAT I SEE AND NOT A TRADE RECOMMENDATION IF YOU FIND VALUE ON THIS PLEASE LIKE. THANKS.