Hi guys! We got a short opportunity here on the USDJPY
with price right now in a bear pattern completion ( bearish Cypher
Pattern). and take note that it could also go and complete our bear Bat
pattern. But who knows right? Thats why plan your trades, then trade your plan and apply risk management. So either the two pattern the bear cypher
. Both pattern stops would be above our X point.
We also got other biases like the bearish
divergence and also with a potential bullish cypher
as price right now is at our zone. Price will break and close above our zone will invalidate our cypher
and could form a potential shark
in the future.
TP 1 and TP 2. 38.20% and 61.80% from the lowest point to the pattern completion itself.