Long on Bullish Cypher (Counter trend trade)

FX:AUDJPY   Australian Dollar / Japanese Yen
346 9 7
Planning to buy this pair at the high of yesterday's bar. Trade is based on the Bullish Cypher , Pin bar at the D area, which is also a support now. My stop loss on this pair will be yesterday's low. Risking 90 pips to gain 200 pips.

Yes it is a counter trend.

Entry and targets on Chart
I am a Chart Slave.Thank you TradingView and @nmike.
This pair is not in my portfolio, but good call!
GcNaif JasperForex
thanks ,i usually dont trade this pair, but saw the opportunity . by the thanks to IvanLabri he is a great motivator
+2 Reply
Picking turns like nobody's business eh?
Good one. I got my short level too.
GcNaif IvanLabrie
lol, its always a pleasure and fruitful to discuss ideas with u , u r a great trader IvanLabrie
+1 Reply
Thanks, means a lot coming from you.
Update : Target 1 achieved
I want to sell the retrace...so agreed. See my weekly chart, probably worth your time.
GcNaif IvanLabrie
yeah i saw ur chart , thats what gave me a comfort level and also price is right at good support zone
+1 Reply

One more bar and it's possible to see it shoot up.
Careful though, I'd rather use a buy stop above the 5 bar range square...or buy only after an up bar with considerable range appears.
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