HERE WE ARE LOOKING AT A BEARISH CYPHER PATTERN AT TRENDLINE RESISTANCE.
D LEG SHOT UP A LITTLE BIT HIGH BUT DID NOT BREAK THE X LEG SO THE TRADE IS STILL VALID.
THE IDEAL ENTRY WOULD BE 1.99667 AS THE CANDLE SHOT UP AND RETRACED BACK DOWN SHOWING SOME EXTRA CONFIRMATION THAT THERE MIGHT BE A TREND REVERSAL AT TREND LINE RESISTANCE.
IF YOU GO BACK A LITTLE BIT OR COMPRESS YOUR CHART YOU WILL ALSO SEE THAT WE ARE AT PREVIOUS STRUCTURE RESISTANCE AS WELL
I AM CURRENLTY INVOLVED IN THIS TRADE AND STOPS ARE JUST ABOVE THE X LEG