Very good Cypher pattern opportunity on the higher time frame. In my opinion the price will try to test the previous WEEKLY resistance that have become support price will try to break it that is where the stops will be collected by the stop hunters. Place your orders where the stops might be that is a strategy that have been working very well through time. Hopefully the stop is not too tight to be collected. Expectations for a retracement before breaking below. Good Luck
Ordre annulé:
Price reacted very good on the supply (green) zone weekly support. Perfect 88.6 entry on the pattern but I wanted to enter deeper.... will hit 38.2% retracement with sure. :)