Price is pulling back to the entry point for cypher which triggered late Friday before close. Seeing how strong price reacts to that zone in the past I am expecting the price to retest previous engulfing candle/ entry zone and move towards the Cypher TP zone in which we can look to follow the trend downwards for a short opportunity around the fib confluence or the Key zone.
Trade active
Now price is respecting zone i am now entering a long positionTrade closed: target reached
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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.