Alexander_Nikitin
Long

@market Cypher pattern + Forex Weekly Forecast video

FX:GBPJPY   British Pound/Japanese Yen
Well, hello traders. Welcome back to another edition of the Forex Weekly Forecast. Here's the link to YouTube video explaining the setup and giving some tips on how to stay disciplined https://youtu.be/QV2e58nVMGQ
Hi Alex,
Thanks for your sharing. I have the same idea, but I am looking to enter more deeper around 152.50.
Reply
You are welcome.
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Hi Alex, can i gently ask why the stoploss is @ X and not below the X? Thank you for the good pattern spotting
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Stops are commonly placed below X. But I consider the pattern to be invalid as soon as price touches X. In this particular case I would have been stopped if I ever traded Daily's.
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Thanks Alex. 100 pips on this one till now.
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is it get stop lose or what ?

thank you Alexander
Reply
Alexander_Nikitin MatarAlmutairi
Well, it all depends on what your trading plan says. To my rules the patern was invalidated and hit stoploss.
+1 Reply
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