We have another cypher
on Mr.Peso again the first cypher
did not complete. This cypher
is coming off a Perfect ABCD pattern
. So it will retrace to at least the the 61.8 lets see if comes down to our 78.6! If it comes down to the 78.6 i will be getting in this trade aggressively. These patterns are extremely accurate. My entry point will be at 18.22362 a little before the 78.6 but there is an even handle number 18.2000 right below so i want to get in before that number. The risk reward for tp # 1 is only 1:1 but with a pattern this accurate it does not matter. Again happy good luck and good trading.