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
Long Entry: 112.30
Target 1: 112.76
Target 2: 113.04
Stop: 111.96
Note
Missed entry by a point and went upwardsTrade active
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 closed: target reached
Target 1 missed by 1 pip. Would advise to book part and trail stop to cost for next targets.
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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.