Trade setup for June 12 - HINDPETRO - 15 Mins

Hello Traders,

We have spotted bearish Cypher pattern on Hindpetro 15 mins chart. RSI is already into overbought zone. Traders may enter short once price hits our entry level.

Trade Levels:

Entry: 541.90
Stop: 547
T1: 537.35
T2: 534.55

Good Luck!!!

PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.
Nice work, i will enter if RSI shows bearish divergence on 5 mins chart
safri gulz
@gulz, Thank you bro.
risk reward ration not attractive bro
gulz sandy
@sandy, cypher hit ratio is more than othen patterns ( based on back testing on forex pairs)
sandy gulz
@gulz, bro i was not talking about cypher i was talking about trade setup risk is hardly to achieve 1:1 if we consider t1 target as first .kindly dont mind safri .i shared my views
gulz sandy
@sandy, i didnt say that risk/reward is good - what i meant, cypher is the only pattern which i consider for trading as it gives more success/hit rate, though its risk/reward is not attractive . i shared my view :)
sandy gulz
@gulz, ah ok .may u plz share with me the success ratio of all the patterns pattern
gulz sandy

I think you are asking something which you shouldn't ask as the result will vary from persons to person since the way we filter the patterns for trades, we should do the backtesting our own to develop a profitable system.

BAT- 59-60%
Garltey- 56-58%
Cypher- 70%+

With proper money management, amazing results can be achieved with Harmonics.

gulz gulz
@gulz, Chill out bro :)
sandy gulz
@gulz, we are at here to improve our skill by idea sharing
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