USD/JPY [1DC] Cypher Pattern Completion. Long it!

USDJPY Seem to be quite oversold!
*Cypher Pattern has completed on the current daily chart.
*Fib Channel shows that UJ price like to reverse around the 0.382 line.
*Current TP is set as well to Fib. Ret. 0.382 as well.
*Full target is about 250 Pips in an estimated duration of 1 week.
**Trade on your own responsibility. Regards,

Kommentar:

Be aware that it essential to wait for a good evidence before going long on this pair. 4H bullish candle would be an ok proof to get in!

Trade ist aktiv:

We started with a tight gap. Good indication! Wish you all a nice week!

Trade ist aktiv

Trade ist aktiv:

Note that target today can be updated to 109.900

Trade geschlossen: Ziel wurde erreicht:

Descending back to 105? :)

Kommentar:

Today's daily candle might retest the recent highs before descending back. This setup will void if the upper line is penetrated and a daily candle has closed above!

Kommentar:

eh?