morshedul.sazid
Short

ADVANCE BEARISH CYPHER PATTERN DUE TO NFP

FX:EURUSD   Euro Fx/U.S. Dollar
447 2 26
We have got news coming within minutes. We will sure see some violent moves. I want to trade this Bearish Cypher pattern if it completes. I will enter at 1.09549 and set my stops at 1.09970 and target to 1.08707. We have a new structure low followed by a lower high, as we are trading the Cypher pattern , Its based on false impulse trend. So If I am saved by the spikes then I would expect a good short from the completion.

Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.

Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
Comment: Pattern invalidated! closed below 1414.
Missed the entry by a few pip, could have hit the targets, the idea was perfect.
Thanks....
+1 Reply
morshedul.sazid rajenderam40
Welcome!
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