Cypher BUT with HUGE Stops . . .
Reasonable harmonics for this Cypher, BUT, the stops, when you
look left for resistance areas since the 1st of the year make this
a questionable trade to simply place the stops above X. It would
be very easy for price action to trade into resistance 1st. So,
it seems to me that "smart stops" would really have to go above
94.30 ~~~~~~
I think I'll wait and see if it trades closer to the .886 for lower risk
or maybe, just maybe the candlesticks will shed some light
upon the entry trigger and provide a reasonable stop.
look left for resistance areas since the 1st of the year make this
a questionable trade to simply place the stops above X. It would
be very easy for price action to trade into resistance 1st. So,
it seems to me that "smart stops" would really have to go above
94.30 ~~~~~~
I think I'll wait and see if it trades closer to the .886 for lower risk
or maybe, just maybe the candlesticks will shed some light
upon the entry trigger and provide a reasonable stop.