On the GBP.JPY 1h chart we have a potential short opportunity at the D leg completion of a bearish Cypher Pattern
The price reversal zone on this pair is between 156.162 & 156.658
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 78.60% & 1.272%
Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 154.057
Stop loss would be placed above X leg structure resistance
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The price reversal zone on this pair is between 156.162 & 156.658
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 78.60% & 1.272%
Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 154.057
Stop loss would be placed above X leg structure resistance
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official