This Cypher pattern offers a good long opportunity. Before entering the trade you need to consider these possible confirmations:
1) RSI oversold
2) AB=CD pattern completion
3) Minor structure resistence
This cypher pattern offers a long opportunity. The entry level is confirmed by the completion of a AB=CD pattern in the same area.
This pair has moved in a sideways range for about a month, so remember to put your stop loss level below the area of support
The precence of a Gatley pattern for a nice long opportunity is confirmed by:
1) completion of AB=CD pattern in the same zone,
2) dubble bottom with RSI divergence
3) RSI oversold
4) big shadows of the candles indicating the strenght of the inversion
5) Fibo ratios confluence
The D point completion of the Gartley pattern is confirmed by other pattern formations for a nice long opportunity, In the same zone i find D completion of a AB=CD pattern, Fibo ratio confluence and a dubble bottom supported by RSI divergence.
All the candles that touched that potential reversal zone have a big ...