Its not been to too much sharing lately, cause i have been very busy but i got a little sunday setup here you guys can look out for when the market opens.
Its a Cypher pattern with higher timeframe trend, its at horizontal support so it gives us some good confluence. We just need that RSI to head south to get oversold and we got a pretty good setup. The R:R is not the best on this setup cause we need to put our stop on the other side of the Support line to play it safe. But with a 70% ish completion to target one we don´t mind the lower R:R for a good setup.
Plan the trade, trade the plan.
Kind regards
Thomas Jeff
Its a Cypher pattern with higher timeframe trend, its at horizontal support so it gives us some good confluence. We just need that RSI to head south to get oversold and we got a pretty good setup. The R:R is not the best on this setup cause we need to put our stop on the other side of the Support line to play it safe. But with a 70% ish completion to target one we don´t mind the lower R:R for a good setup.
Plan the trade, trade the plan.
Kind regards
Thomas Jeff