AndreiButoi

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Markets Allocation
100 % forex
Top Mentioned Symbols
GBPJPY 50% | 1 USDJPY 50% | 1
AndreiButoi AndreiButoi GBPJPY, 60, Short ,
GBPJPY: Bearish Cypher Pattern with good resistance on GBPJPY
32 0 0
GBPJPY, 60 Short
Bearish Cypher Pattern with good resistance on GBPJPY

After a massive bearish move, GBPJPY had a retracement and now is on consolidation. My short on this pair (at 179.50 price) is based on a cypher pattern in direction of the major trend and a minor structure range ( .40-.55). Also is very probable that RSI will be overbought on that level and if you want to be very conservati you can wait for a double top on that ...

AndreiButoi AndreiButoi USDJPY, 60, Long ,
USDJPY: Good Risk-Reword on a Bullish Bat Pattern (USDJPY)
52 0 0
USDJPY, 60 Long
Good Risk-Reword on a Bullish Bat Pattern (USDJPY)

USDJPY is on consolidation and is a good time to trade patterns. If the market will push lower i hope that 116 support level will hold and the market will reverse and go higher. Anyway is a good risk-reward trade (1:3)

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