a bull cypher advanced formation has just complete on eurusd. looking for long within the buy zone. the best execution timeframe for this size of a pattern is 1H.
Note
Although, we have a powerful bull signal, the candle closed outside of the buy zone. Wait for the next signal that happens inside of the zone: Trade active
Now price installed a signal within the zone and the orders are executed. Have a look at the risk to reward ratio. This is obviously the type I like the best: Note
Sorry, guys. Wrong picture above. Forgot to re-stretch the fibs because of target adjustment rule. The true picture is this one. Trade closed: stop reached
Exited with a loss. -33 pips on this one. 
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Related publications
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.