Hello Traders,
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into oversold conditions.
Target 1: 1.2831
Target 2: 1.2966
Please feel free to follow, comment, share and like
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into oversold conditions.
Target 1: 1.2831
Target 2: 1.2966
Please feel free to follow, comment, share and like