Got recently filled on the blue Cypher and price is currently making its way towards target 1.
If we hit target 2 then I will be reloading and getting ready to sell this pair on the potential bearish Cypher (the orange one) that is forming.
Question is : are we gonna have 2 winners back to back ?
Let's wait and see how these ones will unfold !
Trade closed: target reached:
Target 1 hit. Stop moved at BE
Trade closed: stop reached:
Stopped at BE on T2. Now let's wait and see what prices does and if it invalides the bearish Cypher or not
Though price has pushed a bit more down after hitting our BE stop yesterday, the orange bearish cypher is still valid (on my data it close 0,3 pips above the 1,414 so still valid). Let's wait and see if the pattern completes or gets invalidated !