sullaskeeZ
Long

Potential bullish Cypher pattern froming on GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
101 0 2
Another pattern in the making, Bullish Cypher . Looking for completion and entry @ 136.148 @ the 78.6 X-C retracement level marked in the PRZ. Hopefully price action will make its way into the PRZ and reverse. There is a lot of Fib ratio confluence in that area which makes it a potentially strong area to look for a reversal. Also if price manages to reach the PRZ @ the 200% extension then the market is likely to be oversold which will be shown on the RSI and gives us extra confluence. Lets see how it pans out :)
Trade closed: stop reached: Unfortunately got stopped out on this one. Cant win them all. Its part of the game :)
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