Short with bias of PRZ of C point of bull Cypher and divergence!
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 or gartley. 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.
Bear Cypher completion: 114.56
TP1: 113.41
TP2: 112.716
Bear Bat completion: 114.93
TP 1 and TP 2. 38.20% and 61.80% from the lowest point to the pattern completion itself.
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.
Bear Cypher completion: 114.56
TP1: 113.41
TP2: 112.716
Bear Bat completion: 114.93
TP 1 and TP 2. 38.20% and 61.80% from the lowest point to the pattern completion itself.
הערה:
Take note that the Bear Bat Pattern is already completed.
הערה:
If you have taken the bear bat pattern. TP 1 is already taken on the 38.20% of the AD leg of the Bat. You may roll your stops to BE for a risk free trade. Enjoy the trade.
הערה:
If you have taken the bear cypher pattern. TP 1 is already taken. You may take half into an account and roll your stops to BE for a risk free trade for a next target atleast on the the TP 2. Enjoy the trade
הערה:
If you have taken the bear bat pattern. TP 2 is already attained with a risk free trade. Good trade!
