Fxprotrader

EURJPY Cypher Pattern Completion

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY is in a corrective structure at the moment after a big up move. A bullish cypher pattern ihas been completed which might signal the next big move up.

Stoploss and profit targets as shown at the chart. A nice idea is to open one more position which you may trail as price goes up. If price reaches the first target we move stoploss to breakeven to the rest of our trades.

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