tntsunrise
Long

HSI complete a Bullish Cypher Pattern

FX:HKG33   Hang Seng index of Hong Kong listed shares
1670 6 58
HSI             complete a Bullish Cypher Pattern
Last week it formed a pin bar as well.
I will long HSI             and aim for a big target
tp1: 22372
tp2 24761
SL: 17950

RSI Divergence as well
Comment: SO FAR SO GOOD. NOW IS 19863
Comment: Nice, Rally! Hold you long position, now is 20275
Soon it will reach 22380
Comment: Nice Gap UP! HSI will continue rally
Comment: TP 1 HIT
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Thanks alot :) i like that chart alot and it is the first time also to trade HSI :) wounderfull :) Million Thanx :)
Reply
This is not a valid cypher, the C point has extended above the 1.414 retracement level, thereby invalidating the pattern.
Reply
Still valid because did not close above 1.414, the price above 1.414 is a fake breakout
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if entering just now, what's the best parameters for the trade? sl, tp, entry?
Reply
should alwys use the daily low and high to help you to determine
Reply
NOW IS 20475, KEEP GOING NORTH!
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