Pattern Based Trade Setup upto extended TP on Bull Cypher (TBD)
Hi guys, short opportunity and a long opportunity on the future depending on future price/market action.
Short on a Pattern completion which is bear bat pattern confluence of 141.40% that could be potential level of C point of a potential bullish Cypher pattern in the future.
Bear Bat with a good 1:2 RR on the TP 1 prior to its stop lose just above the pattern's X point. TP 2 on the 61.80% to extended Cypher on the future to bed decided still As we dont still have a valid C point of it.
Short on a Pattern completion which is bear bat pattern confluence of 141.40% that could be potential level of C point of a potential bullish Cypher pattern in the future.
Bear Bat with a good 1:2 RR on the TP 1 prior to its stop lose just above the pattern's X point. TP 2 on the 61.80% to extended Cypher on the future to bed decided still As we dont still have a valid C point of it.
Comment:
TP 1 was hit. We got a high impact news later that could give a movement here on the Gold market.
Updated as we have a pattern completion at the 88.60% around the 1223 price handle.
Updated as we have a pattern completion at the 88.60% around the 1223 price handle.
Comment:
Trade closed: target reached:
TP 2 is hit as well waiting for the bullish 88.60% pattern for another long/buy opportunity.
Comment:
All shorts taken on the 1223.50. Now looking for a LONG/BUY setup.
Target 1: 1258.64
Target 2: 1241.64