Another opportunity for short, SL and TP on chart.
As far all the Cypher patterns I have posted the last year reached their targets..
Comment:
Following the rules of Cypher pattern we arein profit +50 pips. Market stopped 2 pips below the Stop Loss.
The general rule exiting from a pattern trade is +/-10 pips above/below X point
Comment:
1st Target reached +72 pips, move the SL of the second position to break even for a risk free trade
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Following the rules of Cypher pattern we arein profit +50 pips. Market stopped 2 pips below the Stop Loss.
The general rule exiting from a pattern trade is +/-10 pips above/below X point