Afternoon traders!
60M Chart
Here is a great possible short term setup with possibly multiple positions that can be taken here.
Currently we a "Bearish Cypher Pattern" with great support and resistance confluence
I built the "Cypher Pattern" on a 4H chart .
My tolerance for risk is not so high, maybe 2% of my account.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
60M Chart
Here is a great possible short term setup with possibly multiple positions that can be taken here.
Currently we a "Bearish Cypher Pattern" with great support and resistance confluence
I built the "Cypher Pattern" on a 4H chart .
My tolerance for risk is not so high, maybe 2% of my account.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Comment:
Pattern Failed - Never placed trade.