Bearish Cypher Pattern - AUDNZD H4
*Apologies for posting this one late as well. Cypher Pattern ALREADY reached TP 1 at 382 Retracement of CD Leg. Took profit and moved SL to BE.
If you missed the first entry, can TRY to re enter at price of B.
SL = D Point (can also do 10 pips above D).
Target 1 = Still would be 382 retracement of CD Leg.
Target 2 = Still 618 retracement of CD Leg.
If you missed the first entry, can TRY to re enter at price of B.
SL = D Point (can also do 10 pips above D).
Target 1 = Still would be 382 retracement of CD Leg.
Target 2 = Still 618 retracement of CD Leg.
Note
If you did re-enter at B, you should have hit your target 1. Move SL to BE, close out Half of your position, and let the remainder run to Target 2.
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Related publications
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.