This pattern's entry is only 10 pips above the cypher published by Gramatikov89
Perhaps that gives this set up more ammunition for greater probability in our favor.
Sell point on this pattern is also at the 1.618 of a to b and if we get
a small downward move to about .8240 of so, it will be an A = C
also at the short entry. Stop loss is a bit debatable -
Just above the trend line or above X or probably the best place, would be
above the cypher X point. Tight stops should keep an eye for re entry !
Maybe the candlesticks will give us a good entry/stop loss combination.
Best of trading this week !!!!!!
Sell point on this pattern is also at the 1.618 of a to b and if we get
a small downward move to about .8240 of so, it will be an A = C
also at the short entry. Stop loss is a bit debatable -
Just above the trend line or above X or probably the best place, would be
above the cypher X point. Tight stops should keep an eye for re entry !
Maybe the candlesticks will give us a good entry/stop loss combination.
Best of trading this week !!!!!!