tntsunrise
Long

HSI complete a Bullish Cypher Pattern

FX:HKG33   Hang Seng index of Hong Kong listed shares
1676 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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NOW IS 20475, KEEP GOING NORTH!
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if entering just now, what's the best parameters for the trade? sl, tp, entry?
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should alwys use the daily low and high to help you to determine
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This is not a valid cypher, the C point has extended above the 1.414 retracement level, thereby invalidating the pattern.
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Still valid because did not close above 1.414, the price above 1.414 is a fake breakout
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Thanks alot :) i like that chart alot and it is the first time also to trade HSI :) wounderfull :) Million Thanx :)
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