USDJPY
is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD.
Confluence in the PRZ:
1. Bearish Cypher Completion
2. 1.272BC
3. 2AB=BC
4. Possible WW Reversal Zone
Follow for updates and trade ideas
Confluence in the PRZ:
1. Bearish Cypher Completion
2. 1.272BC
3. 2AB=BC
4. Possible WW Reversal Zone
Follow for updates and trade ideas