We completed the cypher pattern
on 1 hr
time frame. By looking at the chart, the overall trend is still bearish
. Therefore, there is a likelihood of this trade setup being unsuccessful. Market making lower highs and lower lows also gives us a good signal of a bearish trend
. Since this is a counter-trend trade, it's better to enter at the preferred entry zone. This allows you to reduce your risk while getting a high-probability entry at previous structure level. See the chart for details.
Trade safe and Good luck!!