potential Cypher Formation @ 1,7376

FX:GBPNZD   British Pound / New Zealand Dollar
68 3
If we manage to get up there before breaking to to the downside....

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets
Order cancelled: pattern never completed
Even from market profile (volume analysis) this looks like a very nice trade. Thanks for sharing mate
+1 Reply
is this a short trade? the profit is higher than opening price? am i understanding wrong ?
johan.larsson Candle-stick
@Candle-stick, Time frame is 15 minutes, so it is a day trade. If filled, I will stay so most likely anywhere from 15 minutes to a few hours.
If the pattern is completed I expect the price to go down, therefor I sell at entry, and then I buy at either (and hopefully) targets, or stops.
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