Krunal.Patel
Long

USDSGD W Bullish BAT PATTERN @ 1.2800

FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
Hi Guys,

Cypher pattern which has good support plus a big psychological level @ 1.2800. Good area to look for long trades. Lots of pips to risk on this trade so micro lots will be used.

This is a bullish CYPHER pattern @ 1.2800 and stop loss will be placed below the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.

Thank you for your support.

Trade Numbers:

Risk: 600 pips x 2 = 1200 pips
Reward #1: 630 pips. R:R = 1:1.05
Reward #2: 1000 pips. R:R = 1:1.65

Plan your trade... Trade your plan.
Comment: Sorry guys, the heading is supposed to be Bullish CYPHER PATTERN NOT BAT PATTERN***
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