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IF price action pushes higher past our B leg of the cypher pattern THEN we can look to get short at the D point 122.79. However IF price rolls over creating a new low & puts in a LLLC THEN the cypher pattern will be invalid and we'll look to the next trading opportunity. FOMC news out tomorrow.
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hey, traders. We had a series of down impulses (red lines) separated only by corrections. This is a definition of a trend. As we know price tends to move in one direction until it shows the sign of reversal. The sign of reversal is a break of LL's and LH's structure. In this case priceaction instead of making a LH made a NSH, thus signalling us about the trend...