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JoeFXPips
Sep 28, 2017 11:36 AM

Bearish Breakout + Bullish Cypher Short

U.S. Dollar/Swiss FrancFXCM

Description

The breakout has now occurred and a sell stop is now in place. Price is currently testing the trendline and if it closes below the breakout low, a short will lead into the bullish cypher.

Trade closed: target reached

Breakout target hit

Comment

If you entered the bullish cypher, your TP1 (38.2Fib) should now have been hit and SL trailed to below current market structure
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