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.