SHORT then LONG opportunity here on the GOLD with bias!!!
As of now market price is inside our PRZ of Cypher C point same as our Bearish Butterfly Pattern. We got a Cypher POV by which if price will break and close above the line our potential bull Cypher would be invalidated and with that our sell setup on the bear butterfly would get stopped out.
By this we got an opportunity to SHORT the market. We can go aggressively short or wait for a broken and a formation of new structure low and a retracement to enter short (conservative).
So SHORTING the market plus our bias. Our stops must be above the redline and targets could go way down on the bull patterns completion (bottom zone) by which we also got another opportunity to LONG the market depending on future price action.We could go and SHORT the market with 150 pips of risk for a 400 pips (atleast) of reward.
Trade wisely and with care.
By this we got an opportunity to SHORT the market. We can go aggressively short or wait for a broken and a formation of new structure low and a retracement to enter short (conservative).
So SHORTING the market plus our bias. Our stops must be above the redline and targets could go way down on the bull patterns completion (bottom zone) by which we also got another opportunity to LONG the market depending on future price action.We could go and SHORT the market with 150 pips of risk for a 400 pips (atleast) of reward.
Trade wisely and with care.
Trade closed: stop reached:
If you have taken the short with 150 pips of risk buffer then we're stopped out!