Here we have a potential bearish Cypher pattern with trend.
The Risk/Reward is not very good on this one about a 1:1 because of the last resistance area showed on the chart to be safe.
We got about a 75-80 % win rate on this pair with Cyphers so thats the only reason for taking a 1:1 trade here!
DISCLAIMER this is NOT a valid Cypher pattern, i made this idea too fast and oversaw the A-B retracement closed above the 0.618 fib retrcement!! But TradindView don´t allow you to delete your posts.
Kind regards,
Thomas Jeff
The Risk/Reward is not very good on this one about a 1:1 because of the last resistance area showed on the chart to be safe.
We got about a 75-80 % win rate on this pair with Cyphers so thats the only reason for taking a 1:1 trade here!
DISCLAIMER this is NOT a valid Cypher pattern, i made this idea too fast and oversaw the A-B retracement closed above the 0.618 fib retrcement!! But TradindView don´t allow you to delete your posts.
Kind regards,
Thomas Jeff
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.