we see here how gold has hit the butterfly pattern PRZ and reacted nicely. we have a cypher coming up
entry- 1082.25
sl- 108.17
tp1- 1085.18
tp2- 1086.99
another setup i put along was a shorting opportunity into the cypher PRZ. we broke out of the bullish channel formed and had a strong bearish engulfing retest, so price action is deffinetly giving us the OK to take a short all the way to 1082.25 area. butterfly 61.8 was also tapped which resulted in the strong bearish breakout candle. tp were most likely hit and sell entries were most likely triggered. fair r/r for a scalp.
entry- 1082.25
sl- 108.17
tp1- 1085.18
tp2- 1086.99
another setup i put along was a shorting opportunity into the cypher PRZ. we broke out of the bullish channel formed and had a strong bearish engulfing retest, so price action is deffinetly giving us the OK to take a short all the way to 1082.25 area. butterfly 61.8 was also tapped which resulted in the strong bearish breakout candle. tp were most likely hit and sell entries were most likely triggered. fair r/r for a scalp.
Note
entered sell orderOrder cancelled
was stopped out of my short. order cancelled for the longs as cypher did not prove to holdNote
entry- 1093.75 Note
David K Giraldo
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David K Giraldo
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.