SHORT on the GOLD with point of Validity for added BIAS.

Take note that market price right now is at our PRZ of Bear Butterfly. With that it is also at our Potential C point of A bullish Cypher. So price break and close above the redline (141.4% XA ext for Cypher) will invalidate all setup including us to get stop out on this short (sell) trade. Aggressive can enter now and stops above the red line, while Conservative can wait for clear breakout of the lower trend line. Caveat.

تعليق:

Usually I trade the Butterfly with a 1:1 RR to TP from the entry. If what would be my TP 1 (pips on target) that would also be my risk. In this case. It would look like this.

تعليق:

A BO already of the lower TL. Conservative can go SHORT. with stops above the red line.

تعليق:

We do still have a valid bear setup. You may short the market. We have a follow up trade setup right here. You may wanna check related ideas or my published ideas about it. Enjoy and of course trade with care.