lodose81

GBPJPY: Bearish Cypher Pattern

OANDA:GBPJPY   영국 파운드/일본 엔
Cypher Patterns are a great way to spot entry points, with any given trend.
Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly.

In this case, I believe that GBPJPY is creating a BEARISH Cypher Pattern.

At the point we are at, right now,(166.00) i see GBPJPY reaching my TP2 of 166.596, and then dropping to at least 165.5.

I suggest Longing to the 166.5 region and then sell once we reach 166.5.




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