Such patterns are 50% reliable, trade them with caution, but follow the rules, Trade in the direction of the breakout, Take profit targets are indicated for each direction.
Such patterns are 50% reliable, trade them with caution, but follow the rules, it is a trend continuation pattern. enter after a breakout and second position after a retest, close the position if it fails to hold on broken diagonal support, " if it happens".
We are buying this pair to complete a cypher pattern as all our 2 technical levels are respected, The 0.618 Fib retracement,1.272 Fib Extension.
we now chasing the 0.786 Fib retracement from 0 Fib Retracement to 1.272 Fib Extension. We will also Sell this pair since this will complete a Bearish Cypher pattern @ 1.15711 which is our TP(Take Profit). We will also...
