Alternative Bullish Cypher on EU
Good evening Traders,
The market is presenting us with a nearly completed alternative bullish cypher (C completion is taken from the 1.13 extension of XA). I personally prefer this variant of the cypher as I find it gives me a better R/R and slightly higher strike rate. The pattern completion is in confluence with minor inside structure, however, it is against the trend. Stops, entries, and initial targets are indicated on the chart.
Thanks,
---P.S.
The market is presenting us with a nearly completed alternative bullish cypher (C completion is taken from the 1.13 extension of XA). I personally prefer this variant of the cypher as I find it gives me a better R/R and slightly higher strike rate. The pattern completion is in confluence with minor inside structure, however, it is against the trend. Stops, entries, and initial targets are indicated on the chart.
Thanks,
---P.S.
Trade active
Trade active
Target 1 hitTrade closed: target reached
Target 2 hit
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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.