Bearish Cypher pattern Top of the trend line, Bearish Cypher, Stoch at the top, down trend
1:4 Risk:Ratio is a great trade in my book. Or play it safe and wait for confirmed breakout :)
Personally, I'd wait and see if it pushes past any of the orange lines I gave, if they do, wait for the next one. Buy Long: 111.740 Stop Loss : 110.330 Sell Target: 114.260 Sell Target 2: 117.900
I suspect an easy short here down to .75400, at most .75000 Then a HUGE long filled to break out of this triangle formation finally. Get your orders ready people! (buy in goal .75000-.75500)