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JoMarshall
Dec 2, 2015 2:47 PM

Bearish Cypher Pattern on USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

This is one of the trades i've been watching since last week and I also talked about it in my weekly video (Link below). We had a Bearish gartley pattern 40 pips winner earlier this week on this pattern and now we have another bearish advanced pattern that's almost close to completion and the fact that this pair is already showing bearish sign on a higher time frame due to the double top formed and the break of a rising trendline, its just a matter of time before we see a deep correction so now we have a bearish cypher and our RSI is also showing overbought conditions so I think you will all agree that all these evidence support my claim to short this pair but remember forex trading is probably the only business where you can do everything right and still be wrong so this is just a trade like any other and hopefully it works in our favour.

tradewithme.co.uk

weekly video: youtube.com/watch?v=1lVEVqqU2qc

Structure Trade: youtube.com/watch?v=qed8R1DKVPI

Trade closed: target reached

Comments
ChrBue
RSI looks promising...
JoMarshall
Yes indeed, I couldn't agree more
jeemit1
trade active??
JoMarshall
Yes mate, Order filled
jeemit1
cool
jeemit1
lets hit the target now
JoMarshall
Fingers crossed
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