OK so we have a few options here. I'm currently in a sell here and looking to tp at 1.80700. I'll be watching closely how price reacts at this point to see if it will drop further and close below my C leg. If it does close below, I'll be looking for a sell entry to hold down to 1.7800 which is tp2 (1.27 extension) on the butterfly pattern. Both tp1 and tp2 are possible buy entries for a long term buy up to 1.84 based off of the cypher pattern on the higher timeframe which I will post separately, immediately after this post.
Trade closed: target reached:
TP1 was hit!!!
Comment:
TP2 was hit!!!...time to buy..see bullish cypher