We are currently taking our break right now, but during our live trading that we are doing today in the Live Pro Trader Workshop we came across this bearish cypher
pattern on the EURUSD
. Now this one has an inverse risk/reward ratio, so you need to follow your rules to see if this meets your risk profile. For myself personally, this pattern has such a high win % that it still has a positive expectancy even with the inverse R/R.
Now the Pattern will complete @1.0766 Minimum stops need to be above X at 1.0785 and target 1 is the 38.2 @1.07426 with target 2 @ 1.07266
If you are interested in joining us for the remainder of the live event today, you can watch the stream at this link.
Good luck and Good Trading!