gbpcad.cypher

Updated
a bear cypher advanced formation is setting up gbpcad. looking for reversal signals within the sell zone. the optimal execution timeframe for this size of a pattern is 5M.
Trade active
executed short.
snapshot
Comment
target adjustment. As price went deeper into the sell zone the fibs were restretched to the extreme D-point.
snapshot
Trade closed: target reached
target one is hit. closed half and moved the stop loss for remaining half to breakeven. snapshot
Trade closed manually
second half closed breakeven.
Chart PatternsHarmonic PatternsTrend Analysis
Alexander_Nikitin

Related publications

Disclaimer