Price has retrace to previous structure and form a double bottom patter. This is a pull back trade. stops is 1 ATR
PRICE HAS RETRACE TO PREVIOUS STRUCTURE. PRICE HAS RECENTLY TESTED SUPPORT TWICE AND HAS FAIL TO BREAK BELLOW.
Price has done a high momentum bearish move to previous levels of structure. Then it has given us a clear double bottom price pattern. Entry by market. I place stops at 1 ATR bellow the lowest wick of double bottom. Targets are place at previous inside structure.
price has loss momentum and its provable to see a relief on price.
Cypher patter will complete if price reaches price 26981. After I see price is going in my favor and hit 38.2 fib retracement I move stop loss 5 pips above entry level.
Move stops to break even after 38.2 Fib retracement.
Continuation patter ready to push to the upside. There is also divergence between price and MACD. MOVE SL TO BREAK EVEN AFTER 10 PIPS. Trail stop loss into profits after that.
Flag continuation pattern. Buy after price has break the counter trend or wait for market to re test the pattern.
Divergence between price and MAC D indicating price reversal.
Divergence between price and MACD showing indicating upcoming price reversal. MA9 and MA5 crossed indicating entry.