Tradeyourplan
EURUSD Opportunities This WeekBuying at the green arrow and taking profit at the red.
Or
Waiting for price to head into previous structure (yellow box) and selling at an opportune time.
Good luck traders!
GBPJPY 15 Bearish CYPHER PATTERN @ 157.64Hi Guys,
This is a bearish CYPHER pattern @ 157.64 and stop loss will be placed above the X leg which we use as good resistance in this case. TARGETS ON THIS TRADE WILL BE DIFFERENT TO USUAL AS I VIEW THIS AS A DOWN-TRENDING PAIR, THEREFORE TARGETS WILL BE AT SUPPORT/RESISTANCE LEVELS. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 57 x 2 = 114 pips
Reward #1: 57 pips. R:R = 1:1
Reward #2: 115 pips. R:R = 1:2
Plan your trade... Trade your plan.
