USD/JPY - 1h Chart - Cypher & Gartley Pattern
Cypher Pattern - Pink
Gartley Pattern - Grey
Price is now approaching the D leg completion of the bearish Cypher Pattern at 120.904.
There are 3 potential targets available for the Cypher Pattern.
1. 0.382% retracement of the C to D move - 120.329
2. 0.618% retracement of the C to D move - 119.971
3. Awaiting price to fall to the D leg completion of the Gartley Pattern - 118.887
Although advanced and harmonic patterns are based purely of price action, we always should be cognizant of the JPY data which will be released at 00.50 GMT
www.UKForexSignals.com
Cypher Pattern - Pink
Gartley Pattern - Grey
Price is now approaching the D leg completion of the bearish Cypher Pattern at 120.904.
There are 3 potential targets available for the Cypher Pattern.
1. 0.382% retracement of the C to D move - 120.329
2. 0.618% retracement of the C to D move - 119.971
3. Awaiting price to fall to the D leg completion of the Gartley Pattern - 118.887
Although advanced and harmonic patterns are based purely of price action, we always should be cognizant of the JPY data which will be released at 00.50 GMT
www.UKForexSignals.com