Got a potential Bearish Cypher Pattern on the 15min chart here. Will keep an eye on it, and if completed, I will roll my stops down to break even if the 0.382 fib is met, and then shoot for the 0.618 to try to get that better than 1:1 ratio.
Note
If you are one to front run your orders by a couple pips, you would have been filled and reached Target 1... For the purpose of what's on the chart though, I will just keep it open for now, and see if it comes back all the way to the "D" point without invalidating the leg.Trade active
Trade closed: target reached
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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.