A possible short with a cypher pattern completion
I see an opportunity to get short with a completion of cypher pattern around 0.68015 . ( look for a confirmation in your RSI / CCI ) for an over extension of the leg.
- It will be a trend continuation trade, with a possible double top in the daily + pay attention to the green line ( which is a possible support and 61.8 retracement of an outside return, giving us a 2618 strategy type trade )
NOTE 1: I don't think that the fundamental part can change something tomorrow ( no surprises with the GDP )
NOTE 2 : bear in minde that momentum is shifting in the daily
- Everything is possible
- It will be a trend continuation trade, with a possible double top in the daily + pay attention to the green line ( which is a possible support and 61.8 retracement of an outside return, giving us a 2618 strategy type trade )
NOTE 1: I don't think that the fundamental part can change something tomorrow ( no surprises with the GDP )
NOTE 2 : bear in minde that momentum is shifting in the daily
- Everything is possible
Trade active
Trade closed: target reached:
Target 1 was hit ( 38.2 retracement of the extended leg), taking 80% of profits , but stopped after that and the Cypher pattern was negated after crossing (0.68333)