AdamHong

USOIL:Potential Bearish Cypher Pattern and 1.618EXT

Short
FX:USOIL   CFDs on Crude Oil (WTI)
The potential bearish Cypher pattern is completing at 51.4 and 1.618EXT of the AB is also at this level.
Meanwhile the previous high points and structure are at this zone.
So it is good to sell short at 51.4-51.6 levels when bearish candles appear.
SL:above 51.9
TP1:50.9
TP2:50.3 and further more
Comment: The market must effectively break through the 50.9 level at first before the D of the Cypher reached.
Order cancelled: The market does not give the chance to us.

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