EURAUD 60 Bearish CYPHER PATTERN @ 1.5550
Hi Guys,
This is a bullish CYPHER pattern @ 1.5550 and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci 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: 60 x 2 = 120 pips
Reward #1: 60 pips. R:R = 1:1
Reward #2: 95 pips. R:R = 1:1.6
Plan your trade... Trade your plan.
This is a bullish CYPHER pattern @ 1.5550 and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci 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: 60 x 2 = 120 pips
Reward #1: 60 pips. R:R = 1:1
Reward #2: 95 pips. R:R = 1:1.6
Plan your trade... Trade your plan.
Trade active:
Short @ 1.5550
