AUDNZD Potential Cypher pattern completion with intra day trend
I´m sorry have not been posting for most of the week, i´ve been busy and 3 of the trades i had on went on to be a loss, it was among them the aussie that took us out, but as we know its not about the individual trades its the month or quarter or year or what ever you are counting on. I counth months, and this month we are still far a head even we are down to 55% winners as of today this month.
Welli just had time to share a trade i have had pending for a few days, its kind of a counter trend trade regarding the daily trend, but intraday i think a minor down trend could have begun, and here we got a chance to hop on the train on a retracement on this Cypher pattern short. Watch out for the RSI to become oversold and if price comes near the entry then reverses and goes near our target, abandon the trade. The entry is at a pretty strong resistance level so it should keep us relative safe with out stop on the other side.
Plan your trades, and trade your plan!
Kind regards
Thomas Jeff
Welli just had time to share a trade i have had pending for a few days, its kind of a counter trend trade regarding the daily trend, but intraday i think a minor down trend could have begun, and here we got a chance to hop on the train on a retracement on this Cypher pattern short. Watch out for the RSI to become oversold and if price comes near the entry then reverses and goes near our target, abandon the trade. The entry is at a pretty strong resistance level so it should keep us relative safe with out stop on the other side.
Plan your trades, and trade your plan!
Kind regards
Thomas Jeff