Possible Cypher Pattern on
USDJPY
.
If you like the aggresive way, there's 3 trades that you can take on this chart :
1. The breakout retracement to the previous resistance ( become support now )
2. The Breakout trade, expected to complete the cypher because of this breakout
3. The Cypher pattern trade
Use your own risk management risk if you want to take trade.
Comment to let me know your thought.
Thanks
If you like the aggresive way, there's 3 trades that you can take on this chart :
1. The breakout retracement to the previous resistance ( become support now )
2. The Breakout trade, expected to complete the cypher because of this breakout
3. The Cypher pattern trade
Use your own risk management risk if you want to take trade.
Comment to let me know your thought.
Thanks
Trade closed: stop reached:
For trader that take the number 1 trade, it already hit SL, it makes the trade number 2 risky and I recommend not to trade the number 2.
Wait for completion to enter again
Wait for completion to enter again
Comment:
Hit Previous trendline, possible going up