CADJPY / H1 / Cypher Pattern Long

Canadian Dollar/Japanese YenFXCM

Description

⋅ Jan 22, 2019 6:53 AM

CADJPY / H1 / Technical Chart

Few days ago, Butterfly pattern triggered and it was reached to target

after that it made new impulse

bow we are inside of the correction

correction will end at the cypher pattern or at the support line

wish you many pips

Good luck

Comment

⋅ Jan 23, 2019 9:31 AM

it reached to First target

close half and move stop to breakeven

Comments

volkanefeoglu

⋅ Jan 22, 2019 8:11 AM

Thanks FxCanli

sanfxscalper

⋅ Jan 22, 2019 8:00 AM

Great to enter at that levels while in correction and catching at trendline support.... Also, I can see that its trading inside a Megaphone Structure on Hourly charts. We can aim for upside channel target which also coincides with 127% extension of previous upswing on Hourly. It comes around 83.521. Any thoughts? Why we can't go for a third trade and hold until 83.521....

sanfxscalper

⋅ Jan 22, 2019 6:28 PM

@sanfxscalper,
Trendline support broken, think we should exit from the trade with minimal loss

servet61

⋅ Jan 22, 2019 7:04 AM

Thanks FxCanli

handan

⋅ Jan 22, 2019 7:01 AM

thanks sensei

aalbertus

⋅ Jan 22, 2019 6:55 AM

Morning Boss, thanks for the share.