J_Graystone
Short

GBPJPY Trend Reversal? Cypher Pattern at market

FX:GBPJPY   British Pound/Japanese Yen
1003 5 17
After being bearish for so long, this market closed on Friday violating the previous structure resistance level which could mean we may see a trend reversal.
We would be looking for confirmation by waiting for a pull back then market to put in a new structure high.

Now we have a cypher pattern completion at market so hopefully, we do see a pull back to hit targets.

We will be keeping an eye on this pair during the London Live Room this week.

If you want to come in and watch me trade LIVE on Tuesday, then go over to

http://tradeempowered.co.uk/ and click on the London live Trading Room

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Good Luck in the markets this week
Comment: Target 1 hit for 226 pips. Stops moved to break even
Dang dude! 226! MONEY!!!
+1 Reply
haha. Annoying it didn't take my target 2 but a risk free trade anyway!
Reply
Go go tradeempowered UK !!!
+2 Reply
Is this a trade you'd be taking at market opening on your swing trading ?
Reply
J_Graystone PRO journeyofarookie2.0
I waited for less than 100 pip stop on Friday then got involved. Got in at 170.22. Fingers crossed we see some profit out of the JPY!
+1 Reply
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