USD/JPY Simple ABCD Pattern

Simple ABCD pattern where you could sell at point D & stops could be placed at previous structure levels

A retrace of .786 from the A to D move would form the point D of a bullish Cypher pattern

Kommentera:

ABCD did not play out, watching for potential cypher pattern

Kommentera:

Now also have a potential butterfly pattern forming where point D would be in the area of the original ABCD pattern short zone. Watch for the 1.27/1.618 extension