Cypher on EURJPY 1h almost completed

PA is about to enter into the PRZ. Lets see how it behaves.

Numbers right now look like:

Entry: 126.689
SL : 124.850
TP1: 129.187 (.382 CD)
TP2: 129.952 (.500 CD)
TP3: 130.717 (.618 CD)

Target at .236 CD will porduce a RR ratio less than 1, so...

Lets wait for D to be totally defined and then recalculate all targets.

Good Luck!

Trade attivo:

Nice start. Kept original targets. +100pips on the first bar...

Commento:

PA has been ranging near the 0.236 level for the last 2 days... and there is a formation on the 1h time frame that can be the start of a reversal H&S...

I'm moving to break even... and if PA fails to make fresh highs (over 128.55) or makes a lower low (under 127.96) I'll start tightening the stop and trailing.

Trade chiuso: obiettivo raggiunto:

TP1 Reached... very bumpy ride. I took the 250 pips for a 1.36 RR

Not bad... not excellent either.