Quick Cypher Setup

Mar 15, 2019

Just a quick one here. High likely a cypher pattern on 1 hour time frame coincide with the resistance level; giving us additional confluence that sellers could step in to short the market at that price level.

Entry, stops and take profit as shown. TP2 at 61.8% fib retracement level

Cheers.

Mar 19, 2019

Trade closed: target reached

Both take profit target were hit after a short consolidation around entry price.

For those still holding on the position. There is still potential go lower to point C of the pattern or even lower depending on how price action behave.

Overall, a good winning trade :)