There are two potential advanced patterns setting up on the USDJPY. The first one (Blue) is a potential bullish cypher pattern that has a D completion at 113.340.
The second one (Red) is a potential bullish bat pattern with a D completion at 113.160. Minimum stops for both patterns need to be below X, with target 1 at the 38.2 Fibonacci Retracement and target 2 at a 61.8 Fibonacci Retracement. As always, make sure to follow you plan.
Good Luck and Good Trading
The second one (Red) is a potential bullish bat pattern with a D completion at 113.160. Minimum stops for both patterns need to be below X, with target 1 at the 38.2 Fibonacci Retracement and target 2 at a 61.8 Fibonacci Retracement. As always, make sure to follow you plan.
Good Luck and Good Trading