Krunal.Patel
Short

GBPJPY 15 Bearish CYPHER PATTERN @ 157.64

FX:GBPJPY   British Pound/Japanese Yen
Hi Guys,

This is a bearish CYPHER pattern @ 157.64 and stop loss will be placed above the X leg which we use as good resistance in this case. TARGETS ON THIS TRADE WILL BE DIFFERENT TO USUAL AS I VIEW THIS AS A DOWN-TRENDING PAIR, THEREFORE TARGETS WILL BE AT SUPPORT/RESISTANCE LEVELS. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.

Thank you for your support.

Trade Numbers:

Risk: 57 x 2 = 114 pips
Reward #1: 57 pips. R:R = 1:1
Reward #2: 115 pips. R:R = 1:2

Plan your trade... Trade your plan.
Order cancelled: Pattern Invalidated
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out