This is a Cypher pattern completion trade. Price is trading side-ward and now retesting previous highs where we see some resistance.
Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry.
Any thoughts?
Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry.
Any thoughts?