EURJPY has been on a sideways movement. I am looking to go long upon completion of a bullish cypher which is in confluence with a trendline support and confirmation of the bullish bias. The take profit target is set at the 61.8 Fibonacci retracement level of the CD leg. Stop loss has the same number of pips as TP1. Tentative details are as follows:
Trade Setup: Possible Bullish Cypher
Price Entry 128.112
SL 127.660 | SL pips 45.2
TP2 128.842 | TP2 73.0
RRR2 1.62
Trade Setup: Possible Bullish Cypher
Price Entry 128.112
SL 127.660 | SL pips 45.2
TP2 128.842 | TP2 73.0
RRR2 1.62
Order cancelled:
New swing low. (December 5)