Hey guys,
this is a Cypher formation that's already completed on the hourly chart. It's in accordance with the higher timeframe trend and so i'm going to use it as an entry reason for a trend continuation trade. The black line represents the previous support that's recently been broken and that could become resistance now.
Also, its completion lies right near the 618 retracement of the bigger impulse leg and the RSI has already gone in overbought terriotory.
First target at the 618 retracement of AD, and second target as an extension.
Stops above X.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart.
this is a Cypher formation that's already completed on the hourly chart. It's in accordance with the higher timeframe trend and so i'm going to use it as an entry reason for a trend continuation trade. The black line represents the previous support that's recently been broken and that could become resistance now.
Also, its completion lies right near the 618 retracement of the bigger impulse leg and the RSI has already gone in overbought terriotory.
First target at the 618 retracement of AD, and second target as an extension.
Stops above X.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart.
トレード終了: 利益確定目標に到達:
First target hit! Stops to break even. Second position's running.
コメント:
Target2 1,2102
トレード終了: 利益確定目標に到達:
Out at breakeven!
