Here we have a beautiful high probability berish setup
A nice bearish Cypher setup
Potential Minor price rejection at 87.000
Minor confluence with 78.6 FIB
For the C point we can have a Double Bottom formation to reject the Half major price at 84.000 and a RSI oversold
Potential target 1 under the Minor price at 85.813 (38.2 FIB)
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
A nice bearish Cypher setup
Potential Minor price rejection at 87.000
Minor confluence with 78.6 FIB
For the C point we can have a Double Bottom formation to reject the Half major price at 84.000 and a RSI oversold
Potential target 1 under the Minor price at 85.813 (38.2 FIB)
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
Note
C point of the cypher was changed
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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.