Here we see a solid cypher pattern on the AUD/JPY charts. I suspect this will rally to the 1.618 extension of the BC leg, as always, remember, consistent strategies make money.
I have places my stop at point X and my entry at point B giving my a 2:1 risk reward ratio.
I have forecast that the market will likely continue in the linear regression channel, which we are also using as evidence for trend continuation of the cypher pattern with a price action trading tactic; it is likely that this trade will take roughly a day and 7 hour to complete, but most likely sooner.
Thanks for tuning in, please keep comiong back and even follow if you like what you see or you are interested in more information, also like and comment your opinions.
Thanks again, and as always, Good Trading.
I have places my stop at point X and my entry at point B giving my a 2:1 risk reward ratio.
I have forecast that the market will likely continue in the linear regression channel, which we are also using as evidence for trend continuation of the cypher pattern with a price action trading tactic; it is likely that this trade will take roughly a day and 7 hour to complete, but most likely sooner.
Thanks for tuning in, please keep comiong back and even follow if you like what you see or you are interested in more information, also like and comment your opinions.
Thanks again, and as always, Good Trading.
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.