a bear cypher advanced formation is setting up gbpcad. looking for reversal signals within the sell zone. the optimal execution timeframe for this size of a pattern is 5M.
Trade active
executed short.Note
target adjustment. As price went deeper into the sell zone the fibs were restretched to the extreme D-point.Trade closed: target reached
target one is hit. closed half and moved the stop loss for remaining half to breakeven. Trade closed manually
second half closed breakeven.
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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.