Bearish Cypher Vs Bullish Cypher Trade
The 4HR chart has just completed a bullish cypher with a good entry at market but the risk on the table is a little too much for my taste. On the flip side, after several failed bearish cypher patterns on this pair on H1, yet another bearish cypher is developing predicted to complete at a 1.4781 where trendline resistance meets, horizontal resistance. If RSI goes OB with a lower low lower close candle right next to the 1.4800 psychological level, this will be a decent shorting opportunity.
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