Andy_Parrish
Long

GBPJPY 15M/60M - Cypher Pattern Long @ Market

FX:GBPJPY   British Pound / Japanese Yen
Hi all,

There is currently a Cypher Pattern Long @ Market on GBPJPY             15M/60M. Quite a large pattern so stops are big, make sure it meets your risk reward profile and all your trade plan rules.

Stops below X
Target 1 currently @ 161.72
Target 2 currently @ 162.63

Trade active
Comment: Current Target 1 @ 161.28
Current Target 2 @ 162.35
Trade closed: stop reached: Rookie mistake on this one, set stops too close. This is why you always follow your plan! -79 pips where as if I'd had stops in the right place, it would have been +106. Lesson learned and on to the next trade!
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