GBP/JPY - Short; Watch for a reversal here
This pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though!
(When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.)
Here is a close up;
(When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.)
Here is a close up;
Comment:
Second Chance to get in on this Short
Sell it off of 161.70 and there is a 20 pip stop for +200.
Comment:
Now it's just a strait drive to 159.50.
Trade closed manually:
I'm outta here.
Took +100 pips out of this and there is no point on wasting any capital here ...
... when there are far better trades out there! (EUR/USD Short, USD/YEN Long, etc.)
Took +100 pips out of this and there is no point on wasting any capital here ...
Trade active:
Buy it up!!
LONG
Trade active:
Buy it up - LONG!
This is likely to hit that major PRZ, one more time, before fully reversing.
Comment:
Here is a good Long Entry;
Comment:
As projected.
Get ready to Buy it up! - LONG
Comment:
LONG with tight stops!
Comment:
IFF this low holds ...
... Then
Comment:
Buy it up! - LONG
Comment:
Buy it up! - LONG
Comment:
Buy that Stop Hunt!! - LONG
Trade active:
Buy it up! - LONG
Trade active:
LONG - for now.
