CYPHER BULLISH before the crude oil inventories number release
After taking profit from the (two-in-one) AB=CD bearish pattern setup, a Cypher pattern has been formed and is the right moment to take a 1/1 risk/reward ratio. Stop Loss placed 10 pips below X (key level structure)
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The CPI release last Friday drove market to hit our SL. At this type of news, market usually spikes and then return to normality. We can either extent our SL, with respect to our money management rules, either do nothing...
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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.