We meet the bearish Cypher pattern in Gbpusd in hourly chart.
We have the uptrend violated by a New structure low. Potential sell could be seen at the pattern completion area.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
4. After a trade has been place. Think like you are viewing the market through a prism.
Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
We have the uptrend violated by a New structure low. Potential sell could be seen at the pattern completion area.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
4. After a trade has been place. Think like you are viewing the market through a prism.
Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
Comment:
Pattern Invalid!