USD.JPY - Bearish Cypher Setup - 111.755
Güncellendi
On the USD.JPY 4hr 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 111.755 & 112.192
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 110.400
Stop loss would be placed above X leg structure resistance.
Target 1 - 111.115
Target 2 - 110.726
The price reversal zone on this pair is between 111.755 & 112.192
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 110.400
Stop loss would be placed above X leg structure resistance.
Target 1 - 111.115
Target 2 - 110.726
Not
Not
Price running into a strong resistance level on the 4hr TF.If we see a break above this i would be cautious entering at the D leg and await more confirmation.
Not
Not
Please note, this setup is still valid until price breaks below 110.090
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.