GBPJPY cypher pattern long
Updated
Getting prepared for a hopeful bullish cypher pattern to form here. 3 points of resistance against the line leading to our entry point, so hopefully we see a continuation of this short-term trend to form the cypher.
Unfortunately not the best risk/reward.
I'll be looking also to see if the RSI is in an oversold (or nearly oversold) position if the price reaches the entry target.
Unfortunately not the best risk/reward.
I'll be looking also to see if the RSI is in an oversold (or nearly oversold) position if the price reaches the entry target.
Note
INVALID PATTERN due to a silly mistake, see below.
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