When the price reaches "D", there may be sales opportunity.
Best price ;) Stoploss 111.736 only because I am trading 1:1 ratio
Hey, i think we' ll getting here a nice Cypher Pattern in the next Days!
If the price reaches the point D, the sales opportunity. Do not forget to work without forgetting formation.
Opportunity for sales when you reach transaction D point.
USDJPY made a valid break below current structure support level(the purple one), and with this break USDJPY should extend lower towards the entry level of the potential Advanced Harmonic Pattern - Bullish Cypher, on 1H. With this valid break we are in rotation mode, so everything in regards of the Cypher pattern will be conservative Entry @ 111.37 Stop @...
Price action formed a Bearish Cypher formation (D Completion around the 0.69321 level found the pattern late but luckily and happend to give me a better risk reward. price action was consolidating for most of the day at a loss until RBNZ Press Conference and RBNZ Monetary Policy news took place then price rolled over and both target 1 and 2's got taken out in less...
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As subject, we will have more clearer view for this Cyper after price exceeding 1.2451. On the other hand, there is a H&S pattern at the potential reversal area of the Cypher. Very nice and exciting huh? Let's wait and see the kindle reaction at each key area ;)
Great trade with RISK/REWARD Ratio: 2.5 - 1 FX:EURUSD Short at 1.0758 SL over 1.0883 Take Profit at 1.0439
So we have the start of a Bullish Cypher IF we see a rise up to point C this will bring us in line with previous support which could turn ressistance. Point D also falls in line with previous levels of support Will wait for price to get to point C to get short