After we have met the long TP as a trend continuation trade, I am now awaiting a bullish cypher in case up-trend channel is broken to the down side. Momentum of up-trend is slowing down based on bearish RSI divergence on the 4H time frame.
In case Criteria is men on D level without violating the Cypher pattern entry rules, will be expecting a long position from there.
In case Criteria is men on D level without violating the Cypher pattern entry rules, will be expecting a long position from there.
Trade closed: target reached:
Target reached at the 0.382 Fib level (1.1818)
Target 1: Fib 0.382 - 1.18180
Target 2: Fib 0.618 - 1.18530