What is my entry criteria for a GBPJPY LONG?
My Reason:
A possible Cypher patter is setting up.
However, we are currently 70ish pips from an aggressive completion.
Entry:
Aggressive D completion 136.922
Stops:
Below X swing
Inverted 141 Fib
Targets:
Target 1:
382 Fib
Target 2:
618 Fib
Other ways to get involved
A more conservative entry could be to wait for price action to come near our D completion and wait for a Double bottom or other reversal sign, 3 bar reversal with oversold.
As always good luck in the markets,
TradeEasy.
My Reason:
A possible Cypher patter is setting up.
However, we are currently 70ish pips from an aggressive completion.
Entry:
Aggressive D completion 136.922
Stops:
Below X swing
Inverted 141 Fib
Targets:
Target 1:
382 Fib
Target 2:
618 Fib
Other ways to get involved
A more conservative entry could be to wait for price action to come near our D completion and wait for a Double bottom or other reversal sign, 3 bar reversal with oversold.
As always good luck in the markets,
TradeEasy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.