Price has created a Lower Low Lower Close. This gives me confirmation to look for shorting oppertunities. Price has retraced back into structure from the 4hr I am currentley looking for a reason to get short.
If I get an entry reason I will look to short and possibly ride it down to the Daily Structure plotted on the chart.
Remember you must know Risk to Reward before ever entering a strade.
Trade with a plan that has percise rules.
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The Cypher Pattern never completed. NZDUSD did however form a bull bat. The bat Pattern was a losser. (I did not trade the Bat as I have not backttested it on this pair yet)
<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">If you really want to be a successful trader you must Trade with a plan that has percise rules.</p>— Rick Rozela (@rozela99) <a href="twitter.com/Rozela99/status/687309759750496256">January 13, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> Follow me on Twitter @rozela99