FX:GBPUSD   British Pound/U.S. Dollar
119 1 6
Reason for Entry
1. Possible Cypher Pattern Completion
2. ( D ) Falls Within Period of Consolidation
3. ( X ) is Structure Support ( Brexit Low )

Trade Execution
Place ( 2 ) Buy Limit @ 1.2940 ( Front Run My Orders 5 Pips )
Place ( 2 ) Stop Loss @ 1.2725 ( 113% Extension of A to X )
Place Take Profit # 1 @ 1.3135 ( 36.2% Retracement D to C ) ( Front Run My Orders 5 Pips )
Place Take Profit # 2 @ 1.3265 ( 61.8% Retracement D to C ) ( Front Run My Orders 5 Pips )

Notes
Place Trailing Stop Equal to Pip Difference of Buy Order Minus Stop Loss = ( Risk ) on TP # 2 Order
Elvis.Deonarine
4 months ago
I would Like to Thank FXprotrader for Basic Idea
Reply
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