Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading opportunity.
The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786
I'll be expecting price to stall out around our D point, completing the pattern then a sharp move to the upside! If you want additional analysis on this pair check out my previous idea in the link below.