Hi guys this would be my last setup for the week then have a great and good weekend!
Take note of the potential bullish Cypher pattern. As you can see price is respecting a lower TL. A break below the trendline will give us a BO and an opportunity to go SHORT. Same on the potential Bearish Gartley Pattern that also can give us a good opportunity to go SHORT. As for the completion is near to our Cypher POV. Price break and close above the Cypher POV, the redline which is the 141.40% of the XA extension of Cypher (POV) will invalidate the Bull Cypher, hence stopping us out from the SHORT trade. Trade wisely.
Bear Gartley Pattern: 1.2510. Stops above the X point. TP1: 1.2490 TP2: 1.2478 We can go and extend our TP to the D completion of the Bull Cypher at 1.2412.
Bull Cypher Pattern: 1.2412. Stops below the X point. TP1: 1.2455 TP2: 1.2480
Komen
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Our Bear Gartley Pattern is soon to be completed. Trade with care.
Komen
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Our Bear Gartley Pattern is already completed.
Komen
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TP1 l, TP2 and our extended TP is already attained. And now LONG order is filled with our Bull Cypher Pattern Intra.
Komen
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If you have taken the bull Cypher. TP 1 and TP 2 is already attained. It was a good trade with a back to back win from short and long here.