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Kylan_Laymance

Cyhper Pattern, CAD/JPY, 30min

Short
Dollar canadien / Yen japonais (FX:CADJPY)  
Kylan_Laymance  
FX:CADJPY   Dollar canadien / Yen japonais
short linear regression Linear Regression priceaction price action Fibonacci Harmonic Patterns Cypher 1.618 extensions retracements profit risk reward 2:1 success
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short linear regression linearregression priceaction price action fibonacci harmonicpatterns cypherpattern 1.618 extensions retracements profit risk reward 2:1 success
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression.

I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing.

I have placed my entry at current market price, my stop is at the highest high of the pattern and my limit is at the 1.618 extension of the BC leg.

Check back in to see the results, as always thanks for checking this out, please like comment and follow if you agree.

Thanks and good trading!
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