Here we have a potential bearish Cypher pattern with trend.
The Risk/Reward is not very good on this one about a 1:1 because of the last resistance area showed on the chart to be safe.
We got about a 75-80 % win rate on this pair with Cyphers so thats the only reason for taking a 1:1 trade here!
DISCLAIMER this is NOT a valid Cypher pattern, i made this idea too fast and oversaw the A-B retracement closed above the 0.618 fib retrcement!! But TradindView don´t allow you to delete your posts.
Kind regards,
Thomas Jeff
The Risk/Reward is not very good on this one about a 1:1 because of the last resistance area showed on the chart to be safe.
We got about a 75-80 % win rate on this pair with Cyphers so thats the only reason for taking a 1:1 trade here!
DISCLAIMER this is NOT a valid Cypher pattern, i made this idea too fast and oversaw the A-B retracement closed above the 0.618 fib retrcement!! But TradindView don´t allow you to delete your posts.
Kind regards,
Thomas Jeff