Cypher Completed. Watch Price Action

Hi Traders,

After a great return of profit this week on the USDJPY, we may now be preparing for a down trend after the completion of the Cypher pattern. Watch price action @111.245.

Target:
T1@ - 38.2% - 113.263
T2@ - 61.8% - 112.655

Rules for this Cypher:

CYPHER

Measure XA

Find:
Point B
At least 38.2% XA
(must close below 61.8%)

Point C
At least 127% XAX
Fib Retracement
(must close below 141.4%)

Point D
78.6% XC

Profit
38.2% CD
61.8% CD

Transaction en cours

Commentaire:

T1 Reached.

Moved stop loss to 0.

Waiting for T2 on this pair.

Good luck all.

Trade fermée: ordre d’arrêt atteint:

SL 0. Market jumped and closed at breakeven.