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joni.rcunha

USD/JPY: Possible Bearish Cypher Pattern (1H Chart)

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
joni.rcunha  
FX:USDJPY   U.S. Dollar / Japanese Yen
2
0
At 120.906 we have the D point and Bearish Cypher Pattern complete.
First Target - C-D 38.2 retracement (Risk/Reward Ratio: 1.23)
Second Target - C-D 61.8 retracement (Risk/Reward Ratio: 1.98)
Stop above X point

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