Bullish Cypher Pattern on USDJPY pair

It has been observed that a bullish cypher pattern is being formed on the USDJPY pair.

Long Entry: 112.30

Target 1: 112.76
Target 2: 113.04

Stop: 111.96

Kommentar:

Missed entry by a point and went upwards

Trade ist aktiv:

Risky Entry as the previous Entry was missed just by 1 pip and went on to hit targets. But Pattern is still valid considering the fact that price did not move above the 'C' Point.

Trade geschlossen: Ziel wurde erreicht:

Target 1 missed by 1 pip. Would advise to book part and trail stop to cost for next targets.