GBPJPY - Bearish Cypher Developing
GBPJPY 15M Time frame A Bearish Cypher is developing on the 15M TF. We are looking to Sell at D completion leg at 141.423 level. Target will be trailed. The overall trend of the market is bearish. We are currently short as per previous 4H analysis (Check Previous Post on GBPJPY - Head and Shoulders) looking to add another position.
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Goodluck!! NB!! Open an account with a true ECN Broker to take advantage of spreads as low 0.01 pips! Fast Execution, Fast Withdrawals (Neteller, Skrill, Bank Wire, Visa, Mastercard) Overall Great Service
www.pepperstone.com/?a_aid=kevi...
Trade active:
Sell limit triggered, we are short
Trade closed: target reached:
We adjusted the target to take some money off the table at the 61.8 Retracement of the BC move to avoid the market reversing on us... we will watch to see how the market plays out.
