Cypher pattern in 1D timeframe
Updated
as you see, there is a cypher pattern on the chart of LTCUCD. In addition to this, we have the support of MA200 which can be a good support for its price.additionally, there is a triangle pattern in 1H timeframe and continuous rise in bottom of MACD.
Trade active
our stop loss in on 44 and the first target can be on 0.618 line of fibonacci drew on CD wave (between 58 and 60).Trade closed: target reached
as you see, sometimes your stop loss is touched and you should close your position but this is just a little trick of this market and we should open it again when the price goes up.so now our target is touched and we should save the profit.
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