Potential Bearish Cypher Pattern On USDJPY

There's only one thing you should do when you have a few losses in a row.....be patient and stick to your rules moving forward. Easy to say it of course but actually doing it is a completely different matter. Two of the trades I took this morning went burst and now I'm having the courage to be patient and wait for another set up that again meets my rules. We have a potential bearish cypher here on the USDJPY and the potential reversal zone comes in at a descending trend line resistance and our rsi is also in the overbought territory so it will be another nice set up if we can get there and the fact that this market is bearish on a higher time frame suggests that it's a good opportunity too.

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