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sita
Mar 13, 2017 1:37 PM

Long term view - Bullish Cypher - First Short and then Long Long

U.S. DOLLAR / JAPANESE YENICE

Description

A bullish Cypher is in the process of forming.
Expecting the price to short until leg D, which will provide long opportunity

Comment

Move above the 50% fib level is bullish

Comment

Also testing resistance level

Comment

Place Buy order @ 112.469 (leg D)

Comment

Stop @ 111.263

Comment

Comment

Price is approaching leg D.
Placing the order for buy at leg D.
Stop loss @ 1.13 reverse fib extension from A to X.

Comment

Stop @ 111.263
Buy order @ 112.5

Comment

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