So I have been watching this currency for a while, and I have decided to enter this trade based on some reasons:
- This is the D completion point of the Gartley pattern in the green color
- Having a Cypher pattern forming, we are now at the C point of the pattern, so I am aggressively buying at this point towards the D completion point.
- This C point confluences with the bullish trend on the daily yellow support line which increases the possibility to reverse.
- This point is located on a support area which is pointed at by the orange arrows, so there is a chance it reverses here too.
After this, if it works and goes to towards the D completion point of the Cypher patter, I am willing to short this pair too.
Again, this is just my opinion, and the market could go all the way down if it wants. I just wanted to share this idea with you, and get some opinions and feedback.
Happy trading and good luck
- This is the D completion point of the Gartley pattern in the green color
- Having a Cypher pattern forming, we are now at the C point of the pattern, so I am aggressively buying at this point towards the D completion point.
- This C point confluences with the bullish trend on the daily yellow support line which increases the possibility to reverse.
- This point is located on a support area which is pointed at by the orange arrows, so there is a chance it reverses here too.
After this, if it works and goes to towards the D completion point of the Cypher patter, I am willing to short this pair too.
Again, this is just my opinion, and the market could go all the way down if it wants. I just wanted to share this idea with you, and get some opinions and feedback.
Happy trading and good luck
