Potential Cypher Pattern - GBPJPY 60M

Trade Management
Pattern: Cypher

Symbol: GBPJPY

Date: Tuesday, 17th of November 2015

Timeframe: 60M

Entry-Point: 187.31 (Limit Order)

Stoploss: 187.72

Take-Profit 1: 186.72

Take-Profit 2: 186.44

Description: The GBPJPY pair experienced a bull market and found resistance at the 187.50 level. Therefore the Trading Idea is a high probability trade. Target 1 and Target 2 are the 0.382 and 0.681 Retracement of the CD Leg.