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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out