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CADJPY Bullish Cypher Formation And Long Opportunity

CADJPY Bullish Cypher Formation And Long Opportunity

Description: Chartreaderpro finds a potential Bullish Cypher Harmonic Pattern formation on the H4 Chart Timeframe. Potential bullish reversal is predicted at D.

Pair / Instrument: CADJPY

Time Frame: H4

Trade Period: Midterm / Intraday

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Bearish

Trade Based On:Bullish Cypher Pattern

Accuracy: %97

Recommended Lot Size: 0.10 at 10K

Trade: Long

The Area Of The Entry: 84.85 – 84.75

Stop Loss: Below X 84.55

Target 1: 85.05

Target 2: 85.30

Target 3: 85.50

You can follow the trade setup: CADJPY Bullish Cypher Pattern

Note: If the pattern does not work as predicted and the price breaks below 84.50, the pricemay test 84.00. A Bullish Gartley would be completed at 84.02. We will look for a Long opportunity. We will update the setup accordingly. Price ended the week at 85.37, potential bounces towards 85.60 can be used as selling opportunity. A potential short trade opportunity before long will be published later.

You can check  our signal results

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

CADJPY Bullish Cypher Formation:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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