Here I see a Cypher Pattern on the USD/MXN 30 min chart. I believe that the market will rally to the 1.618 extension of the BC leg. This will allow us to enter at the B point giving us exactly a 2:1 risk reward ratio. There is support from the linear regression channel with a standard deviation of 2 and -2, which suggests that the market will rally of the lower...
I believe that the bat pattern you see here has completed signaling a market reversal. the market should rally to the 1.618 extension of the BC leg . I have placed my entry at 1.13500 and my stop at the lowest low of the bat pattern , i have placed my limit at the 1.618 extension of the BC leg and i expect this will complete as predicted or fall down into previous...