Hello Traders,
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into oversold conditions.
Target 1: 1.2831
Target 2: 1.2966
Please feel free to follow, comment, share and like
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into oversold conditions.
Target 1: 1.2831
Target 2: 1.2966
Please feel free to follow, comment, share and like
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.