For pattern traders, watch for a Cypher pattern on the 4 hour chart D point completion at 1268 region. Coincidentally, it confluences with a major bullish structure at 1260-1268 region. In the coming days, if GC rally and hold above 1300, id have to figure another way to get in. As of now, will the 1300 hold against the rally? Again, considering from risk to reward perspective and if it is part of your strategy, why not? As a trader, i have rules to follow and as long as the risk profile fits within my rules, never say never!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.