Roker1
Short

Cypher Pattern + Double Top on CHFJPY

FX:CHFJPY   Swiss Franc / Japanese Yen
Hi guys,
this may came too late but for pattern traders, this is still a valid entry reason, i usually take patterns with a limit order only when certain condition are met, and this is not the case. However i can still enter the trade with a valide structure reason, like the double top that you see here (with RSI Divergence). If and when price will come back, i'm going to sell this market, hoping for a completion of the pattern's targets.
Stops above the highs (and possibly above X), targets with 382 and 618 retracement of AD.

If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
Comment: 2618:
Trade closed: stop reached
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Besides, that's the case when you miss the entrance for the pattern but you can get better r/r because of the conditions you've just explained...(piccolo OT ma pubblichi su 3 piattaforme diverse di TV giusto? dove preferisci i commenti o i tumbs up?)
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Roker1 paofkt
@paofkt, unfortunately this time it didn't worked! (OT: Facciamo crescere la comunità italiana, se non ti cambia niente preferisco lì!)
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Wow that's what I'd do, same stops and TP. nice one!
+2 Reply
Roker1 paofkt
@paofkt, great!
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