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travischen23

Short DAX - Monthly Chart + 4H Chart both forming Bearish Cypher

Short
GERMAN STOCK INDEX (DAX) (TVC:DEU40)  
travischen23 Updated   
TVC:DEU40   GERMAN STOCK INDEX (DAX)
DAX Index
6
0
dax
4H Chart hit 0.786 Replacement which forming Bearish Cypher + On monthly Chart forming a perfect Bearish Cypher forming a PRZ zone at same time, good opportunity to short it. 11800 + SL 11900 first TP@ 1:2 RR
Comment:
A small down drop window formed, let see what happens next, going down...
Comment:
Fib_88.6 holds, Bearish Cypher confirmed, gonna test Fib_0.618 first.
Comment:
3rd time charm? Trying break through Fib_61.8, needs a consolidation of course, let see how market goes... if Fib_61.8 did confirmed, it will be another good short term entry as well. After 61.8, it will be Fib_50 + 1H Chart SMA200.
Trade closed: stop reached

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travischen23
Short DAX - about to confirm PRZ Cyhper Pattern
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