Cypher pattern completed and another cypher pattern setting up in smaller time frame.
I Break this trade into 3 targets
Target 1 - 38.2% retracement of the cypher pattern which also close to 78.6% D leg (Smaller cypher pattern)
Target 2 - I always set target 2 at 61.8% for cypher pattern
Target 3 - Other side corrective wave 4 is on progress (ABC flat...
Yesterday I found back to back trade at EUR/NZD pair, 1st trade gave me 42 pips and 2nd one is on progress (Moved the stop loss to break even).
Now Bat pattern setting up at USD/JPY pair and Its going to end up at previous channel (88.6). Short at 102.079 and Long at 101.339 area.