Bearish Cypher Pattern Completed @4H timeframe EUR/NZD
Today a bearish cypher pattern completed on the four hour timeframe. You can choose to wait for the sunday opening to enter this trade, as it hovers slightly above the entry point and i don't expect much movement anymore.
I've set targets at the .50% retracement, but conventional targets are at the .382 and the .618 retracements of the C to D leg. Stoploss at 1 ATR above X. Only 2% capital at risk.
I've set targets at the .50% retracement, but conventional targets are at the .382 and the .618 retracements of the C to D leg. Stoploss at 1 ATR above X. Only 2% capital at risk.