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nonobeijing
Mar 8, 2015 1:02 AM

Bullish cypher pattern in formation Long

Canadian Dollar/Japanese YenFXCM

Description

I found this cypher pattern. At D level, there is support even back to last year.
I would normally have put my entry just above D in order to make sure to enter, but that didn't give me a 1:1 ratio on my first target. I decided to move it down a bit.
I also put the SL below structure support.

First target R/R: 1.58
Second target: R/R: 2.48
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