Cypher Pattern formed on this pair on 1 hour timeframe. We will be waiting for a better entry reason because risk is over 50 pips which is higher than what we would like to have. We might be looking at a double top. If pair does not form a double top, we will be cancelling entry orders.
Trade closed: target reached
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Pair did form a double top considering the two green candles. Targets reached and that was a pretty nice trade opportunity.