On the AUD.JPY 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 78.364 & 77.738
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 80.238
Stop loss would be placed below X leg structure support.
Target 1 - 79.230
Target 2 - 79.768
The price reversal zone on this pair is between 78.364 & 77.738
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 80.238
Stop loss would be placed below X leg structure support.
Target 1 - 79.230
Target 2 - 79.768