gbpjpy. cypher

FX:GBPJPY   英鎊 / 日圓
a potential bull cypher formation is setting up. levels on the chart
交易結束:目標達成: first target hit
手動結束交易: Closed the second half as price forms a triangle = downside continuation.
This pattern was found by the MPS-v5.5 pattern recognition software:

A huge discount is coming. Get ready. It starts on the 1st of April.

My YouTube channel:
very good
@bahavarelias, thanks:)
+1 回覆
Hey, Wanted to ask a question on these patterns. Do you look for any kind of price action/indicators to confirm price will move in the correct direction at point D?
@abpatel1001, if there are no warning signs within the cd-leg then I simply enter with a limit order. if there are warning signs then I enter with either a Reversal Bar technique or HHHC/LLLC techniques.
abpatel1001 Alexander_Nikitin
@Alexander_Nikitin, perfect, Thanks this will help a lot. my biggest problem is being confident in my set up's and end up missing out.
new_trader99 Alexander_Nikitin
@Alexander_Nikitin, could you please elaborate a bit on the warning signs in cd-leg ?
@new_trader99, tailclose candles, wide range bars and gaps. I ffound within the CD-leg then the entry shouldn't be agressive limit order. I typically wait for a confirmation. Confirmation = reversal bar, LLLC/HHHC.
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