EURJPY Cypher pattern
Hi, this high prob trade is pretty good, I really like cyphers this one completes in a very logical structure levels.
Evenso, the Long term trend is bearish, but in a smaller timeframe we are getting higher high - higher closes. So I know that Many of you won't agree with me, but I call this type of trades ( Sideways-Counter Trend ) or ( Sideways - Trend )
This is because the higher timeframe has bearish trend, and the smaller timeframe is showing a bulish trend ( that bullish trend most likely to be just a higher timeframe pullback ), so my rules are a lil diferent with thouse 2 types of directional bias trades.
- Trend
- Counter Trend
__________________________
- Sideways Trend
- Sideways Counter Trend
There most be a Technical name for this But I just don't know, so I name it my self :P :P :P
So Stops and target are in place, lets see what the market does :D
GL - HF.
Evenso, the Long term trend is bearish, but in a smaller timeframe we are getting higher high - higher closes. So I know that Many of you won't agree with me, but I call this type of trades ( Sideways-Counter Trend ) or ( Sideways - Trend )
This is because the higher timeframe has bearish trend, and the smaller timeframe is showing a bulish trend ( that bullish trend most likely to be just a higher timeframe pullback ), so my rules are a lil diferent with thouse 2 types of directional bias trades.
- Trend
- Counter Trend
__________________________
- Sideways Trend
- Sideways Counter Trend
There most be a Technical name for this But I just don't know, so I name it my self :P :P :P
So Stops and target are in place, lets see what the market does :D
GL - HF.
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