EURUSD Bearish Cypher
Bearish Cypher completion here. Limit order at the D point with initial stops ATR based. Trail stops as price moves lower until they are hit.
Based on my brokers quotes the C point didn't actually hit the 1.272 level and therefore, you could class this as an invalid Cypher trade. I will be taking the trade however, as it was 0.5 pips away from hitting the 1.272 and, as mentioned previously, these fib levels are zones of support and resistance
Good luck.
Based on my brokers quotes the C point didn't actually hit the 1.272 level and therefore, you could class this as an invalid Cypher trade. I will be taking the trade however, as it was 0.5 pips away from hitting the 1.272 and, as mentioned previously, these fib levels are zones of support and resistance
Good luck.
Note
I will be waiting for the limit order to be hit however, if it is in your trading plan, this might be a good opportunity to enter the trade short here. The double top & RSI divergence at previous structure resistance coupled with the completion "zone" of a Cypher pattern... Everything adds up to a nice setup. Transaction en cours
Note
Stops Moved LowerNote
Stops moved lower Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.