Cypher setup on 15minThere is a possible cypher forming on the 15min. For me it is against the 4hr trend so i am waiting for a deeper retracement into previous structure with before looking for a reason to enter. Also two possible stop-loss placements, i am personally using the lower since it is the last lower-low lower-close of the 4hr trend.
15min
EURGBP tl break + retestthe pair broke through the trendline earlier on into last week and has made a long retracement back to it.
the price is currently bouncing off the trendline
double top pattern has formed on 15min chart
price can travel all the way down to daily level
stops above TL, TP at 0.84215
entry order placed at neckline of 15min double top (0.86064)
NZDUSD Bearish Bat 15min ChartSell at Point D around 0.69746.
Stop Loss should be at 1.13% Extension Fib of XA around 0.69882
Trade Management;
Move stop loss to break even when price hits the 0.382% around 0.69421 retrenchment of CD.
Take Profit at 0.618% around 0.69220.
Risk/Reward Ratio around 3.84