USDJPY CYPHER PATTERN AND STRUCTURE TRADING Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 16, 2015 3:15 PM

Potential Cypher pattern and Structure Trading.
Major Resistance at 124.60.
RSI almost over bought.
Entry-124.67 or major Resistance-124.60
Stop loss-126.00
1st target-123.02
2nd target-122.00
Move stop to entry when 1st target is hit for risk free trade.

Comments

EverythingForex

⋅ Jul 16, 2015 3:30 PM

That is an excellent pickup! I didn't see it myself. I think it is a pretty good chance that cypher will get filled. Good job!

amit.sondhi2

⋅ Jul 16, 2015 4:40 PM

Thanks a lot .