On the EUR.JPY 4hr 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 121.589 & 120.909
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 123.518
Stop loss would be placed below X leg structure support .
Target 1 - 122.544
Target 2 - 123.128
The price reversal zone on this pair is between 121.589 & 120.909
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 123.518
Stop loss would be placed below X leg structure support .
Target 1 - 122.544
Target 2 - 123.128
Bình luận:
5 EASY STEPS TO TRADE THE BAT SETUP
Bình luận:
Price action approaching D leg completion at 121.589
Bình luận:
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
Bình luận:
If you didn't get triggered into this position then i would personally close the pending order if it meets your rules to do so.
Bình luận:
Target 1 and 2 should now be attained.