Afternoon traders!
60M Chart
Here is a great possible short term setup with possibly multiple positions that can be taken here.
Currently we a "Bearish Cypher Pattern" with great support and resistance confluence
I built the "Cypher Pattern" on a 4H chart .
My tolerance for risk is not so high, maybe 2% of my account.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
60M Chart
Here is a great possible short term setup with possibly multiple positions that can be taken here.
Currently we a "Bearish Cypher Pattern" with great support and resistance confluence
I built the "Cypher Pattern" on a 4H chart .
My tolerance for risk is not so high, maybe 2% of my account.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note
Pattern Failed - Never placed trade.
Disclaimer
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.
Disclaimer
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.