EURGBP Cypher right at a daily support level Long

Euro Fx/British PoundFXCM

Description

⋅ Dec 12, 2016 8:38 PM

Hye guys,
as usual i've outlined daily structure levels with a black line. Right there, in a lower timeframe, we have a potential cypher pattern completing right now. I would be very interested in this setup because you should also shoot for extended move.
Stops below X, target as usual in pattern formation.

If you want, comment below.
Otherwise, see you in the next chart!

Trade closed: target reached

⋅ Dec 20, 2016 9:49 AM

First target hit! Stop loss at break even

Comments

Telson

⋅ Dec 20, 2016 11:10 AM

Managed to get some money in the bank from the first target, I bought a bit late but still manage to get 63 pips out of the trade.

thank you so much @Roker1

Roker1

⋅ Dec 20, 2016 11:14 AM

Hey @Telson , i'm very happy you managed to earn some pips! It's always a pleasure to share winning ideas.

Telson

⋅ Dec 13, 2016 11:38 AM

Thank you for the idea, I totally agree to your analysis.

Have a good day.

Roker1

⋅ Dec 13, 2016 11:41 AM

I really appreciate your comment. Have a good day @Telson !