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EnzoDamario

Cypher on EURJPY 1h almost completed

Long
Euro / Japanese Yen (FX:EURJPY)  
EnzoDamario Updated   
FX:EURJPY   Euro / Japanese Yen
Harmonic Patterns Cypher EUR jpy
3
0
harmonicpatterns cypherpattern eur jpy
PA is about to enter into the PRZ. Lets see how it behaves.

Numbers right now look like:

Entry: 126.689
SL : 124.850
TP1: 129.187 (.382 CD)
TP2: 129.952 (.500 CD)
TP3: 130.717 (.618 CD)

Target at .236 CD will porduce a RR ratio less than 1, so...

Lets wait for D to be totally defined and then recalculate all targets.

Good Luck!
Trade active:
Nice start. Kept original targets. +100pips on the first bar...
Comment:
PA has been ranging near the 0.236 level for the last 2 days... and there is a formation on the 1h time frame that can be the start of a reversal H&S...

I'm moving to break even... and if PA fails to make fresh highs (over 128.55) or makes a lower low (under 127.96) I'll start tightening the stop and trailing.
Trade closed: target reached:
TP1 Reached... very bumpy ride. I took the 250 pips for a 1.36 RR

Not bad... not excellent either.
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