RiosTrades

GBPJPY CYPHER PATTERN

Short
FX:GBPJPY   British Pound / Japanese Yen
Analyzing this pair made me notice an obvious Cypher Pattern C Leg Completion, very easily if price breaks and closes above our C (1.41%) in the Cypher Pattern then this Trade Idea is invalid. On the bright side we can look for shorting opportunities at the Daily Resistance Zone we are very close to. Using Structure and Reversal Pattern Confirmation we can find a Low Risk and High Reward Trade in either scenario.

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