TheForexSamurai

Pattern Based Trading - Cypher Pattern

Short
TheForexSamurai Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
7
Hi guys we have a short opportunity here upon a bearish cypher pattern completion. Two ways on how to trade right here. Enter right away and aggressively or wait for a broken of lower trendline more of being conservative.

SL prior to TP 1 is: SL: 40-45 pips buffer
Target 1: 0.7441 - 40-45 pips
Target 2: 0.7414 - 70 pips
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.