MichaelCollins18

Bullish Cypher 4 hour chart USD/JPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hey folks, here we have a Bearish cypher on a 4 hour chart that I'm just about to take, from my analysis I can expect a reversal is about to take place.

The valid measurements for a Cypher pattern are:
B:0.382-0.618
C:1.272-1.414
X-D 0.786

This is an excellent trading opportunity with a risk/ reward ratio of 1:2

I hope you's all have a great week ahead trading.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.