Hello everyone!
Here we can see a series LOWERHIGHS followed by two bearish patterns, BAT AND CYPHER .
The ema and channel further confirms the downtrend. I prefer the Cypher pattern since it has more confluence . However you can trade the BAT pattern since it offers a good risk-reward ratio.
Hope you have a good day. Feel free to share your thoughts. Thank you for reading.
Here we can see a series LOWERHIGHS followed by two bearish patterns, BAT AND CYPHER .
The ema and channel further confirms the downtrend. I prefer the Cypher pattern since it has more confluence . However you can trade the BAT pattern since it offers a good risk-reward ratio.
Hope you have a good day. Feel free to share your thoughts. Thank you for reading.
Comment:
FOMC TIME! BREAKEVEN YOUR POSITION TO MINIMIZE RISK!
Trade closed: target reached:
TAKE PROFIT HIT!