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Gbambam
Jan 4, 2018 10:58 AM

Market trapped between two pattern 

U.S. Dollar/Japanese YenFXCM

Description

USDJPY

we have a Bearish gartley completing at 112.725

Stops 112.807
Targeting 112.587
Note if this pattern complete we could ride the short to the cypher if the market breaks the 112.500 support level.


We also have a bullish Cypher completing at 112.322
Stops 112.150
Targeting 112.500

same here but the reverse if the market breaks through resisitance at 112.500 could aim for higher targets.


Enjoy regards

Trade closed: stop reached

Both trades invalid onto the next one.
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