Art_of_Trading
Long

GBPJPY: Sideways & Cypher

FX:GBPJPY   British Pound/Japanese Yen
a year ago
On FX:GBPJPY             , we had a trending market last month. The price was going upward, making higher high and higher lows. but the last swing broke the structure and change the market to sideways. The price dropped this week and its time for the correction. There is a valid cypher pattern to go long. Put SL below X leg. In addition, we have a trendline (dynamic support), which exactly hits the same level as the entry level (78% fibo retracement).-
T1 - 38.2%
T2 - 61.8%
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a year ago
Comment: The price hit the entry level
a year ago
Comment: The price didnot exceed X leg; still in Trade and wait to hit our Target. Patience really pays.
alr14uk
a year ago
What is your invalidation level on this trade? Around ~184.3?
Reply
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