We have got news coming within minutes. We will sure see some violent moves. I want to trade this Bearish Cypher pattern if it completes. I will enter at 1.09549 and set my stops at 1.09970 and target to 1.08707. We have a new structure low followed by a lower high, as we are trading the Cypher pattern, Its based on false impulse trend. So If I am saved by the spikes then I would expect a good short from the completion.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
Note
Pattern invalidated! closed below 1414.Missed the entry by a few pip, could have hit the targets, the idea was perfect.
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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.
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.