EURGBP 60 Bullish CYPHER PATTERN @ 0.7865
Hi Guys,
This is a bullish CYPHER pattern @ 0.7865 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: 29 x 2 = 58 pips
Reward #1: 31 pips. R:R = 1:1.1
Reward #2: 51 pips. R:R = 1:1.75
Plan your trade... Trade your plan.
This is a bullish CYPHER pattern @ 0.7865 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: 29 x 2 = 58 pips
Reward #1: 31 pips. R:R = 1:1.1
Reward #2: 51 pips. R:R = 1:1.75
Plan your trade... Trade your plan.
Trade active:
Order Executed. Long @ 0.7865
Comment:
Target 1 Hit! +31 pips. Move Stop Loss to Break-Even.
Trade closed: target reached:
Target 2 Hit! Total Profit on this trade = +82 pips.
