EUR.JPY - BULLISH CYPHER SETUP - 121.597

2017年1月30日

On the EUR.JPY 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 121.597 & 121.132
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 123.00
Stop loss would be placed below X leg structure support .

Target 1 - 122.252
Target 2 - 122.657

2017年1月30日

注释

D leg at 121.597 is now complete, potential long entry.

2017年1月30日

注释

2017年1月30日

注释

Please note that this setup is valid until it breaks below X leg at 121.132

2017年1月31日

注释

Price finding a little resistance at 122.00 potential consolidation period on the 15min TF

2017年1月31日

注释

If you entered the market at 121.597 your target should be attained.

2017年1月31日

注释

If price breaks and closes about the 122.00 level I expected a push higher towards the target 2 area.

2017年2月1日

注释

Price approaching target 2 if you entered at 121.597