GBPJPY: Sideways & Cypher
On
GBPJPY
, we had a trending market last month. The price was going upward, making higher high and higher lows. but the last swing broke the structure and change the market to sideways. The price dropped this week and its time for the correction. There is a valid cypher pattern to go long. Put SL below X leg. In addition, we have a trendline (dynamic support), which exactly hits the same level as the entry level (78% fibo retracement).-
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
TOP 10 Forex Broker: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com
GBPJPY
, we had a trending market last month. The price was going upward, making higher high and higher lows. but the last swing broke the structure and change the market to sideways. The price dropped this week and its time for the correction. There is a valid cypher pattern to go long. Put SL below X leg. In addition, we have a trendline (dynamic support), which exactly hits the same level as the entry level (78% fibo retracement).- T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
TOP 10 Forex Broker: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com
Kommentar:
The price hit the entry level
Kommentar:
The price didnot exceed X leg; still in Trade and wait to hit our Target. Patience really pays.