FKLI TRADING : 173) bearish cypher pattern

22 Sep 2020

this is trade 173 frm haidojo trading...
obviously, now is sideway market...sideway/consolidation breeds advanced patterns...

now we have a possible bearish cypher pattern...entry ranging frm 1528-1534, SL a few points abv it, tp at 1517...no extended target...
if you have never heard of advanced pattern / cypher pattern before, STAY AWAY frm this pattern...
we can again bracketing the market using advanced patterns...1528-1534 - ---short region...bearish cypher pattern
1477-1484-----long region...bullish bat pattern

higher-resistance : 1557-1560

resistance : 1528-1534(bearish cypher pattern)

immediate resistance : 1517

lower support : 1477-1484 (bullish bat pattern)


WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!

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22 Sep 2020

Nota

the bottom advanced pattern is a bullish bat pattern, not a bullish cypher pattern...
typo error...