Personally I will not enter with a limit order as there is no structure at the pattern completion, there is however some 10 pips lower (orange dotted line). If price reaches this point I will look for confirmation for a reversal as this increases our Risk/Reward ratio.
Let me know if you have any questions
PA might still retrace downwards but Cypher pattern rules no longer apply.
=> Erase & rewind, looking for new opportunities :)
I do not want to critize your approach and I appreciate you trying to help, but every trader has got to find the edge, the risk & reward that he/she is comfortable with, that is why the RoE and trading plan are different for every trader that takes it seriously.
By the way, scaling in and out is an often used technique to reduce risk and/or optimize profits. :)