this time it was cypher pattern on 1H..took a hit on bat pattern on the same pair in 30M timeframe..with the help of daily trendline I can enter above the entry point where the risk is much better..so stop loss must be above X and targets based on the retracements of C-D leg..382 first target and 618 second target..this actually a trend continuation set up..so maximum target can be at C point..good luck traders :)
Trade active:
shorted at 83.60
Trade closed: stop reached:
another loss in cadjpy..its ok..just stick to the plan and dont give up..looks like potential double top on 1H..I will post the idea soon :)
