Apple22
Short

Cypher patternon daily chart

FX:EURGBP   Euro Fx/British Pound
105 0 2
Going Short on EURGBP             Daily
Cypher pattern
Strong resistance @ 0.8000 (D or reversal zone)
Stoch moving to oversold (it will by the time it reaches D)
My Set up
Limit Short Entry @ D
one @ 0.7990 -/+ and one @ 0.8000 -/+
Stop loss above X (0.8060) My stop loss is larger for this trade due to next resistance which is a @ 0.8050
makes my risk reward average 1:1
target 0.7960 and 0.7930
Total Pips 30 + 60 =90 pips

Good Luck all
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