EURNZD 15 Bullish CYPHER PATTERN @ MARKET
Updated
Hi Guys,
This is a bullish CYPHER pattern @ MARKET and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 47 x 2 = 94 pips
Reward #1: 50 pips. R:R = 1:1.1
Reward #2: 80 pips. R:R = 1:1.8
Plan your trade... Trade your plan.
This is a bullish CYPHER pattern @ MARKET and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 47 x 2 = 94 pips
Reward #1: 50 pips. R:R = 1:1.1
Reward #2: 80 pips. R:R = 1:1.8
Plan your trade... Trade your plan.
Trade active
Long @ 1.6610Trade closed: stop reached
-47 pips x 2 = -94 pips. Keep Going
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