FX:GBPJPY   British Pound / Japanese Yen
59 2 0
On my radar for this pair : a Cypher and a BAT

Great risk reward ratio on the BAT which, if failed, will give a better entry price on the cypher (as the stop is a bit bigger than 100 pips, I would have had ordered placed higher than the D completion price anyway to let the trade come to me instead of forcing it and breaking my rules)

Now the pair has also formed a Head & Shoulder at previous structure on higher timeframe. So let's wait and see what happens.
I would have used X for the Cypher on 175.011 (2016-02-01, 19:00). Then you will get even better risk to reward on that one.
+1 Reply
journeyofarookie2.0 Henrik-PatternTrading
Well spotted. That's where I would have normally put it too ... I guess I wasn't 100% awake (or already too tired) :) Tks
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