On the GBP.JPY 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 145.464 & 146.352 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 142.600 Stop loss would be placed above X leg structure resistance .
Target 1 - 144.188 Target 2 - 143.389
Nota
We are now live in 2017, I hope everyone has a great year!
Nota
Market is now approaching D leg completion.
Nota
5 easy steps to trade the Bat setup
Nota
5 easy steps to trade the Gartley setup
Nota
Nota
Price now approaching D leg completion.
Nota
Target should now be attained.
Nota
Nota
Nota
Potential Target 2 approaching if we see a breakout of 143.756
Nota
Target 2 has been attained if you entered the market at 145.464
Nota
Extended targets should be attained if you entered the market at 145.464
Nota
One more potential push to the downside if price respects the 143.900 area
Trade fechado: objetivo atingido
Nota
Awaiting a minor corrective period prior to another push lower towards 140.500
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.