A bullish Cypher pattern completion (78.6%XC) @ 56,550ish for a potential long trade. Price dropping to 55,600 USDT or lower will invalidate the setup or probably will hit the SL when setup is taken. So trade with care and be responsibe.
Legends:
Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red dotted line: Stop-loss order
Red dash line: Setup point of ruin (POR) @ 1.13
Green line: Target profit order (TP1 @ 0.382/TP2 @ 0.618)
Legends:
Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red dotted line: Stop-loss order
Red dash line: Setup point of ruin (POR) @ 1.13
Green line: Target profit order (TP1 @ 0.382/TP2 @ 0.618)
Trade closed: target reached:
Hitting TP 1 and TP 2 before market reverses and hit our price for the setup's SL or POR (Point of Ruin)