135x is a great support level. Also Bullish Cypher will be formed at that level.
If any candlestick formation or any reversal pattern will be formed at small time frames than trade can be activated.
JNJ 60 Min Bullish Cypher Pattern - Long Setup
Bullish Cypher has been detected on JNJ 60 Min.
Price bounced several times about 141.95
Enter LONG JNJ at @ 142.7 with a stop loss going at @ 141.0. The first target is at @ 144.5 and the second target is at @ 146.20.
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Happy to sell at the firstname.lastname@example.org with 2nd Gartley on 7th Nov 2018. Potential Bullish Cypher next if 1.1335 -1.1355 zone holds as support which is PRZ (Potential Reversal Zone) of Cypher Pattern
Target 1 zone - 1.1445 -1.1450
Target 2 - 1.1500 (Top of the Pattern)
Target 3 - 1.1600 - 1.1625 (Valid only if holds above 1.1500 mark)
Bullish Cypher Criteria
The B point retracement: 0.382 and 0.618 of XA,
The C point retracement: 1.272 to 1.414 of XA,
The D point retracement: 0.786 of XC
Overview & Summary
TP 1: 1.14239 based on 0.618 fibonacci retracement ( Short Term Target)
Risk to Reward 1:2
Support at 1.1300 (from 15 Aug 2018 - 1 Nov 2018)
Appears to be a channel between 1.13...