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FIBSII
Jan 25, 2017 9:43 AM

EURGBP 4H Cypher Long

Euro Fx/British PoundFXCM

Description

Hey all,

Here we have a just completed large Cypher pattern at market on EURGBP 4H. In line with underlying market trend and looking for .382 & .618 Fibonacci targets of C-D leg. Using a 113% stop loss which doesn't give us a 1:1 R:R on T1 however with positive expectancy above 60% this doesn't effect profitability - plus T2 will make up for it!

Fibsii Team
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