On the GBP.JPY 1 Hour chart we have a potential short opportunity at the D leg completion of a Cypher Pattern
The price reversal zone on this pair is between 174.157 & 174.951
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
127.20% - 78.60% & 88.60% Fibonacci confluence at the D leg completion.
Potential targets for the Cypher Pattern placed at the 38.20% and 61.80% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.
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The price reversal zone on this pair is between 174.157 & 174.951
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
127.20% - 78.60% & 88.60% Fibonacci confluence at the D leg completion.
Potential targets for the Cypher Pattern placed at the 38.20% and 61.80% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.
www.UKForexSignals.com
www.Instagram.com/UK_Forex_Signals
www.Instagram.com/Tom_Hall_Official