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UnknownUnicorn101425
Aug 3, 2015 10:40 PM

GBPUSD Potential Cypher pattern range short play Short

British Pound/U.S. DollarFXCM

Description

Here we got another one of the infamous Cypher harmonic patterns at a strong resistance area, we hope to hop on a short trade on a retracement to our entry level. Stops should be at a good area, if we get stopped out we are defenetly wrong cause it will break the multiple resistance. Watch for overbough RSI condition and close half position at target one.

I have not had time to post much but i had an exciting month, where the first 2 weeks went incredible well with 9 winning trades and 1 looser, the 3rd week we had 6 loosers and 2 winners and the last week we had 7 winners and 5 loosers.

But all in all it ended out in 634,34 Pips and 20,8% return on capital, the best month we had this year so far!

I will post a few trades here and there when time is there.
Kind Regards
Thomas Jeff
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