Bearish Cypher On Daily Chart
Updated
Price action has currently formed a bearish Cypher pattern on the Daily time frame. zoomed in on the 4 hour price is putting in a double top (trend Reversal)
Price is also reaching structure and RSI is crossed over sold!
looking to take 2 targets
Going to be a long hold!
Once target 1 is hit Stops moved to break even
Price is also reaching structure and RSI is crossed over sold!
looking to take 2 targets
Going to be a long hold!
Once target 1 is hit Stops moved to break even
Trade active
target 1 hit stops for target 2 moved to higer low 113.808
risk free trade!!
Trade active
Still currently short gunning for target 2.stops currently at 111.744 waiting for a close below 109.109 to move stops!
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.