eXcess0070

EURJPY Cypher pattern

FX:EURJPY   Euro / Japanese Yen
Hi, this high prob trade is pretty good, I really like cyphers this one completes in a very logical structure levels.
Evenso, the Long term trend is bearish , but in a smaller timeframe we are getting higher high - higher closes. So I know that Many of you won't agree with me, but I call this type of trades ( Sideways-Counter Trend ) or ( Sideways - Trend )

This is because the higher timeframe has bearish trend , and the smaller timeframe is showing a bulish trend ( that bullish trend most likely to be just a higher timeframe pullback ), so my rules are a lil diferent with thouse 2 types of directional bias trades.

- Trend
- Counter Trend
__________________________
- Sideways Trend
- Sideways Counter Trend

There most be a Technical name for this But I just don't know, so I name it my self :P :P :P

So Stops and target are in place, lets see what the market does :D

GL - HF.

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