Risk x Reward is attractive.
Cypher pattern on the 4h chart. followed by a Bearish Divergence.
Movement seems a bit consolidated on lower charts.
SL is right above last high
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
Cypher pattern on the 4h chart. followed by a Bearish Divergence.
Movement seems a bit consolidated on lower charts.
SL is right above last high
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
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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.