On the EUR.JPY 15min 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 116.628 & 116.442
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 the 117.335 resistance level
Stop loss would be placed below X leg structure support.
Target 1 - 116.954
Target 2 - 117.160
The price reversal zone on this pair is between 116.628 & 116.442
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 the 117.335 resistance level
Stop loss would be placed below X leg structure support.
Target 1 - 116.954
Target 2 - 117.160
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