AGAIN PATTERN ON CADJPY !
this time it was cypher pattern on 1H..took a hit on bat pattern on the same pair in 30M timeframe..with the help of daily trendline I can enter above the entry point where the risk is much better..so stop loss must be above X and targets based on the retracements of C-D leg..382 first target and 618 second target..this actually a trend continuation set up..so maximum target can be at C point..good luck traders :)
Trade active
shorted at 83.60Trade closed: stop reached
another loss in cadjpy..its ok..just stick to the plan and dont give up..looks like potential double top on 1H..I will post the idea soon :)
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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.