Potential Cypher Pattern - GBPJPY 60M
Trade Management
Pattern: Cypher
Symbol: GBPJPY
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 187.31 (Limit Order)
Stoploss: 187.72
Take-Profit 1: 186.72
Take-Profit 2: 186.44
Description: The GBPJPY pair experienced a bull market and found resistance at the 187.50 level. Therefore the Trading Idea is a high probability trade. Target 1 and Target 2 are the 0.382 and 0.681 Retracement of the CD Leg.
Pattern: Cypher
Symbol: GBPJPY
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 187.31 (Limit Order)
Stoploss: 187.72
Take-Profit 1: 186.72
Take-Profit 2: 186.44
Description: The GBPJPY pair experienced a bull market and found resistance at the 187.50 level. Therefore the Trading Idea is a high probability trade. Target 1 and Target 2 are the 0.382 and 0.681 Retracement of the CD Leg.
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