Cypher Harmonic on BTC

What you see here is a Cypher Harmonic on the BTC chart. Trade should be on the .786 of X-A ( ~ 42.8k ).

Confluence for a short entry:
- Previously value area low (VAL) on the previously consolidation.
- .786 (X-A)
- 1.414 (B-C)
- Untapped Daily level
- Gann Fibonacci Fan

Target: 37.7k untouched daily level.

Take profits on ~ 41k and 39.8k.
Stoploss on validation on around ~ 44k. Reason for this is the Cypher pattern is not validated when it reach above the .786 of X-A.

Risk/reward ratio: 1 on 4.

تعليق:

33% take profit at current price: $40.7.
Reason: daily R/S.

تعليق:

Took profits at the 2 levels on the chart. Running this trade until 37.8k has been touched.

أغلقت الصفقة: تم الوصول للهدف