we see here how gold has hit the butterfly pattern PRZ and reacted nicely. we have a cypher coming up
entry- 1082.25
sl- 108.17
tp1- 1085.18
tp2- 1086.99
another setup i put along was a shorting opportunity into the cypher PRZ. we broke out of the bullish channel formed and had a strong bearish engulfing retest, so price action is deffinetly giving us the OK to take a short all the way to 1082.25 area. butterfly 61.8 was also tapped which resulted in the strong bearish breakout candle. tp were most likely hit and sell entries were most likely triggered. fair r/r for a scalp.
entry- 1082.25
sl- 108.17
tp1- 1085.18
tp2- 1086.99
another setup i put along was a shorting opportunity into the cypher PRZ. we broke out of the bullish channel formed and had a strong bearish engulfing retest, so price action is deffinetly giving us the OK to take a short all the way to 1082.25 area. butterfly 61.8 was also tapped which resulted in the strong bearish breakout candle. tp were most likely hit and sell entries were most likely triggered. fair r/r for a scalp.
Comment:
entered sell order
Order cancelled:
was stopped out of my short. order cancelled for the longs as cypher did not prove to hold
Comment:
entry- 1093.75
Comment:
David K Giraldo
