This is my adaptation on a Cypher harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it does i will enter the trade. The current Risk:Reward still 1:5.8 what is acceptable as i believe that it should hit the Take Profit. I have set the TP below the expected level (0.18114) to ensure it does not fall short by a few pips. The Stop loss is slightly above the D point if/when it completes.
Nota
D point level surpassed the first level i expected it to have a reversal and just so happens to be at the second level already. there are a few more levels it can hit if it continues heading bullish before a reversal pattern is formed. the TP and SL have been adjusted for the level which it is currently at according to my rules.Nota
A bearish Engulfing candle is forming at the next level if this remains i will wait until the next candle to confirm before entering the tradeNota
still bullish so i have set additional levels which i expect a reversal if there is one before it reaches the levels i cannot take the tradeDagangan aktif
Finally the D point has reached an levels which within my strategy allows me to enter. it is slightly higher than the level but is valid. Reversals candle & pattern shown at the level hence entering. 0.18126 = TP, 0.18540 = SL, 0.18535 Entered Trade
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.