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IgnAryaBawanta
Jul 15, 2018 1:16 PM

USDJPY - Possible Cypher Pattern  

U.S. Dollar/Japanese YenFXCM

Description

Possible Cypher Pattern on USDJPY.

If you like the aggresive way, there's 3 trades that you can take on this chart :

1. The breakout retracement to the previous resistance ( become support now )
2. The Breakout trade, expected to complete the cypher because of this breakout
3. The Cypher pattern trade

Use your own risk management risk if you want to take trade.
Comment to let me know your thought.

Thanks

Trade closed: stop reached

For trader that take the number 1 trade, it already hit SL, it makes the trade number 2 risky and I recommend not to trade the number 2.

Wait for completion to enter again

Comment

Hit Previous trendline, possible going up
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