tommyb35
Short

Beautiful potential Cypher Pattern setting up!

FX:GBPJPY   British Pound / Japanese Yen
112 0 2
The great thing about this cypher pattern is the fact that if it completes, it will complete about 25 pips below the 180.00 even handle. Even handle numbers are very key psychologically. And that helps with support/resistance as you can see by the triple top. For those that cannot handle that big of a risk, you can wait for a confirmation on the 60min timeframe at this level and hopefully lower you risk and enter the trade that way. Whatever your rules are for your trading plan, if you trade cyphers, this could be a good one.
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