a bull cypher advanced formation has just complete on eurusd. looking for long within the buy zone. the best execution timeframe for this size of a pattern is 1H.
Comment:
Although, we have a powerful bull signal, the candle closed outside of the buy zone. Wait for the next signal that happens inside of the zone:
Trade active:
Now price installed a signal within the zone and the orders are executed. Have a look at the risk to reward ratio. This is obviously the type I like the best:
Comment:
Sorry, guys. Wrong picture above. Forgot to re-stretch the fibs because of target adjustment rule. The true picture is this one.
Trade closed: stop reached:
Exited with a loss. -33 pips on this one.
