*UPDATE: Trade invalidated by the market, out with small loss*
Hello Traders,
We've got a bearish cypher pattern that has just completed with a good risk/reward. Note that this is a counter-trend trade since the short-term trend is bullish. Cypher patterns have a high winning percentage, so therefore I am willing to take this setup. Most of the time the risk involved in cypher patterns is more than the reward but in this setup it's completely the opposite . See the chart for more details.
Good Luck :)
Hello Traders,
We've got a bearish cypher pattern that has just completed with a good risk/reward. Note that this is a counter-trend trade since the short-term trend is bullish. Cypher patterns have a high winning percentage, so therefore I am willing to take this setup. Most of the time the risk involved in cypher patterns is more than the reward but in this setup it's completely the opposite . See the chart for more details.
Good Luck :)