Completed bullish cypher pattern
Trend:
The price is nearing the support at 1.5198, so this is a good place for reversal.
There is a bullish cypher pattern Feb 4th which completes today.
I put 2 limit orders just above the support I mentioned, instead of sticking to the 0.786 XC retracement, because of the support line and also to improve the Risk/Reward ratio.
What do think? Cheers!
- Long term (W): Ranging
- Long-mid-term term (D): Ranging or uptrend (It looks like the downtrend is over.
- mid-term (4H): Downtrend
The price is nearing the support at 1.5198, so this is a good place for reversal.
There is a bullish cypher pattern Feb 4th which completes today.
I put 2 limit orders just above the support I mentioned, instead of sticking to the 0.786 XC retracement, because of the support line and also to improve the Risk/Reward ratio.
What do think? Cheers!
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.
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.