A potential Bearish Cypher pattern completion that is soon to be completed by which we could spot for a potential short/sell opportunity.
Trade details for target 1 is with a 1:1 Risk:Reward Ratio comes with a pips buffer if selling aggressively on the completion of the pattern. Conservative approach is to wait for the candle completion or any signals/confirmation that you could short the market with a tighter SL.
Trade details for target 1 is with a 1:1 Risk:Reward Ratio comes with a pips buffer if selling aggressively on the completion of the pattern. Conservative approach is to wait for the candle completion or any signals/confirmation that you could short the market with a tighter SL.
Note
If you have taken the bearish setup TP 1 and TP 2 is taken.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Success, nothing less!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.