GBPJPY 1h Trend Trade Bull Cypher Channel Support
This is a Trend trade with Cypher pattern stopping at leg D + channel support that has been respected in the past multiple times.
Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top.
Keep an eye on RSI as it may show divergence by the time price hits end of D leg.
Any opinions are welcome.
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Risk to Reward is great on this trade with 1st Target = 1 : 1 and Break-even for the remainder lots and take remainder lots either at 61% fib or let them ride up to double top.
Keep an eye on RSI as it may show divergence by the time price hits end of D leg.
Any opinions are welcome.
Thank you for viewing this!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.