The smaller Cypher pattern on the H1 that i posted yesterday got invalid this morning, because price went past the C leg and it did not retrace enough to hit our entry.
So here we got the bigger pattern where we expect price to slow down and possible return within our zone between Entry and stop. Stop is placed just above the last resistance point so it should give some protection. RSI is about to go oversold so its another confluence point to indicate us.
Comments good or bad are very welcome
So here we got the bigger pattern where we expect price to slow down and possible return within our zone between Entry and stop. Stop is placed just above the last resistance point so it should give some protection. RSI is about to go oversold so its another confluence point to indicate us.
Comments good or bad are very welcome
