If markets keeps pushing down a bit it will complete this Cypher on the daily timeframe.
Potential orginal targets can give about 150 and 250 pips.
I usually don't trade on the daily because of stop size, but on this one, I can let price come to me to meet my max stop size and the pattern would still be valid; so I will be looking to enter at a lower level on this one giving me a better entry point (with the risk that price does not push that low) and a nice risk to reward ratio (which are usually inversed on Cyphers).
Let's wait and see !
Potential orginal targets can give about 150 and 250 pips.
I usually don't trade on the daily because of stop size, but on this one, I can let price come to me to meet my max stop size and the pattern would still be valid; so I will be looking to enter at a lower level on this one giving me a better entry point (with the risk that price does not push that low) and a nice risk to reward ratio (which are usually inversed on Cyphers).
Let's wait and see !