GBP/JPY - Short; Watch for a reversal here
This pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though!
(When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.)
Here is a close up;
(When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.)
Here is a close up;
Note
Second Chance to get in on this ShortSell it off of 161.70 and there is a 20 pip stop for +200.
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Now it's just a strait drive to 159.50.Trade closed manually
I'm outta here.Took +100 pips out of this and there is no point on wasting any capital here ...
... when there are far better trades out there! (EUR/USD Short, USD/YEN Long, etc.)
Trade active
Buy it up!!LONG
Trade active
Buy it up - LONG!This is likely to hit that major PRZ, one more time, before fully reversing.
Note
Here is a good Long Entry;Note
As projected.Get ready to Buy it up! - LONG
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LONG with tight stops!
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IFF this low holds ...... Then
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Buy it up! - LONG
Note
Buy it up! - LONG
Note
Buy that Stop Hunt!! - LONG
Trade active
Buy it up! - LONG
Trade active
LONG - for now.
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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.