A possible 142.9 pips return for a Short Trade
Updated
Downtrending market with short setup. Bearish AB=CD setup reached its TP price. If price breaks the major support line, possible entry for D completion of a Cypher pattern with 1:2 RRRatio. If candle closes at lower low and reaches entry point, Setup will be triggered.
Trade active
If candle closes below entry price. My entry price will be set as my stop loss point just in case market turns around for break even.Trade closed: stop reached
w4c for reentry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.