This cypher pattern was drawn a little early, after the 'C' candle had formed, I thought it looked possible to make the pattern.
I rode this up from 'C' level retracement to the 0.382 point and took profits.
I'm now back in long and hoping it completes the journey to point 'D" ( or therabouts)
For anyone wishing to trade this - please note, This is my first cypher pattern drawn, so who knows what's going to happen - take care folks :)
I rode this up from 'C' level retracement to the 0.382 point and took profits.
I'm now back in long and hoping it completes the journey to point 'D" ( or therabouts)
For anyone wishing to trade this - please note, This is my first cypher pattern drawn, so who knows what's going to happen - take care folks :)
Note
Looks like the pattern is close to the completion level, although a little wider than thought it would go. The next move could be to the downside towards .74500 or below.I'm short on this now but wouldn't be surprised to see it move a little higher first.
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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.