Mustafoinc
Long

GBPJPY 1h Trend Trade Bull Cypher Channel Support

FX:GBPJPY   British Pound / Japanese Yen
This is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times.

Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top .

Keep an eye on RSI as it may show divergence by the time price hits end of D leg.

Any opinions are welcome.

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