My focus on EURJPY.
We have the market trapped between 2 advanced patterns.
First opportunity
A Bullish Cypher (Blue pattern)
Valid entry at 128.415
particularly like this as Entry is sitting on a Weekly Support area.
Stop at 1.113 extension of C to X leg
127.623
-----------------------------------------------------------------------------------
Second opportunity.
Bearish gartley (Purple)
Entry @ 130.083
Stops 130.481
For now sitting back and waiting for PA to validate either pattern.
Good Luck
We have the market trapped between 2 advanced patterns.
First opportunity
A Bullish Cypher (Blue pattern)
Valid entry at 128.415
particularly like this as Entry is sitting on a Weekly Support area.
Stop at 1.113 extension of C to X leg
127.623
-----------------------------------------------------------------------------------
Second opportunity.
Bearish gartley (Purple)
Entry @ 130.083
Stops 130.481
For now sitting back and waiting for PA to validate either pattern.
Good Luck
Comment:
Related idea is the EURGBP so expect the Eur to roll lower before entry
Trade active:
As trade is now valid i have entered a initial position.
But i am expecting a PA to drop slightly lower as per comment and related idea
i will look to Enter another position then
Good luck with this high probability trade, traders
But i am expecting a PA to drop slightly lower as per comment and related idea
i will look to Enter another position then
Good luck with this high probability trade, traders
Trade closed: stop reached:
Not the outcome that was anticipated.
but rules followed means its a good trade.
but rules followed means its a good trade.
Watching for Cypher Entry