LukeFagan
Short

Bearish Cypher On Daily Chart

FX:USDJPY   U.S. Dollar / Japanese Yen
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5
Price action has currently formed a bearish Cypher pattern on the Daily time frame. zoomed in on the 4 hour price is putting in a double top (trend Reversal)
Price is also reaching structure and RSI is crossed over sold!
looking to take 2 targets
Going to be a long hold!
Once target 1 is hit Stops moved to break even
Trade active: target 1 hit

stops for target 2 moved to higer low 113.808

risk free trade!!
Trade active: Still currently short gunning for target 2.
stops currently at 111.744 waiting for a close below 109.109 to move stops!

Comments

Good call Luke USDJPY
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