A potential cypher partten developing
Updated
A nice harmonic confluence of a cypher we are having, i am waiting for the price to move towards the 1.16812 area to triger our short entries.1.15387 as our first tp and 1.14388 as our maximum tp's. It might take few days before we get filled on these signals.
Trade active
The instrument seems to be doing what we anticipate it to do and we have actually crossed the channel highlighted in green. It might take some weeks before we actually get to our position; remember this is a day chat. I actually got a message from someone asking "so what should we be doing in the meantime?"well for those aggressive traders, keep buying the instrument every time it reaches for a low e.g. like today, but you do need to confirm first with the Relative strength index for an oversold condition
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