GBPJPY: Two LARGE Potential Advanced Cypher Formations

Tough day for the GBP, and the weakness on this particular pair has inched price action towards 2 potential Cypher formations.

More so than most of the other major pairs, it's important that you measure out your risk prior to setting your limit orders. For example, for the smaller cypher completion the "X" leg (which is where stops need to be beyond) are over 125pips away.

Enjoy traders!!


Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company


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Trade ist aktiv:

I'm Long at 158.36

Trade geschlossen: Stop wurde erreicht