Still a valid pattern and we hopefully get a second change to enter. Stops above X. I prefer shy above the 1.131 extension but that is up to your discretion and test results.
MW
Potential bullish Cypher with entry @ 1.3203, initial stop @ 1.3158, TGT1 1.3247, TGT2 1.3275. If you place your stop at 10 pips below X or shy below 1.13 extension like I do is up to your discretion.
You can choose the one of them or split half for each. Stop I place at 1925.5, TGT1 38.2%, TGT2 61.8%. Patterns become invalid above 1965.
- Good luck -
Markus Weber
