VasylKravchuk
Short

Comletion of Bearish Cypher

FX:GBPJPY   British Pound/Japanese Yen
126 3 5
Harmonic pattern completes at resistance levels also we have a weak new structure high which means that it is probable that we have a deep correction, this is what it makes a high probability trade. Also on the daily chart we have price action confirmation of reversal and some indicators based confirmations on the reversal. it is a low risk trade for me.
(stops just above X point and break even when price reaches T1 )
Trade active
Trade closed: stop reached
So we have sell here and 1TP around 35-36 on short term right ?
Reply
VasylKravchuk return_zero
@return_zero, Yes the first TP (short term )is around 35 , to my opinion it might take maximum five days to reach TP2
Reply
VasylKravchuk VasylKravchuk
@VasylKravchuk, on friday i may close the trade
Reply
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