Price action has confirmed its bearish rotation by breaking through the previous support around 145.280 and closing below. Price action is now creating a Lower high and in doing so has created a bearish Cypher pattern.
I am currently short with 2 positions targets.
Target 1 145.251 (61.8 PIPS)
Target 2 144.783 (108.5 PIPS)
Potential total trade winnings (170.3 PIPS)
Potential Trade Loss (-115.4 PIPS)
Bearing in mind price action could possibly push up higher, creating that that lower high also a 2618 entry reason
I am currently short with 2 positions targets.
Target 1 145.251 (61.8 PIPS)
Target 2 144.783 (108.5 PIPS)
Potential total trade winnings (170.3 PIPS)
Potential Trade Loss (-115.4 PIPS)
Bearing in mind price action could possibly push up higher, creating that that lower high also a 2618 entry reason
Trade closed: stop reached:
Re entered Short again as i got stopped out on the Cypher entry