Bearish Cypher 1H USDJPY
Updated
Hi traders,
Bearish Cypher on the 1H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful.
This is not a trade recommendation and I am not responsible for your gains/losses.
Take care,
Ray
Bearish Cypher on the 1H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required to manage a trade right at the peak. Please be careful.
This is not a trade recommendation and I am not responsible for your gains/losses.
Take care,
Ray
Note
Pattern just turned invalid. Will keep you updated if a new pattern forms.
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