JasonGraystone

USDJPY Potential Bullish Cypher & Gartley Patterns

Lång
FX:USDJPY   USA-dollar/Japansk yen
10
Following yesterdays higher high, higher close above previous structure resistance, I would expect further movement to the upside.
If price action retraces down, then advanced pattern traders have two opportunities to get involved.

Potential Gartley pattern at 118.22 and a potential Cypher pattern down at 117.95

Stops would depend on your rule for placement but below X in either case.

Of course, if price action continues higher and violates the high, then both of these patterns will be invalidated.

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