Potential Bearish Cypher on USDJPY

I already have a long position on this pair but i have already booked 54 pips profit on first target and my stops have been moved to break even. So assuming my second target gets hit at around 123.20's then i will be watching and waiting for this cypher pattern to complete at (123.40's) which is just 20 pips above my second target from the bullish gartley i posted yesterday. Note that we do have a bit of structure where the cypher pattern will complete and the fact that this pair is showing bearish signs following the break of a rising trend line support on a higher time frame, provides us with a good technical reason to go short and that's of course assuming we get there (123.40)

tradewithme.co.uk
Bearish CypherCypherForexmoneypipsSELLsellsignalshortshortsetupstructure-tradestructuretradingUSDJPYusdjpy1hrusdjpyanalysisusdjpyshort

Publicações relacionadas

Aviso legal