Short opportunity here in the UJ with Bear Cypher

Hi guys, we got a opportunity here... A possible Short opportunity with a bearish Cypher Pattern completion around the 113.900 price handle. We have a PRZ as for our resistance/demand zone. We could go aggressively short once pattern is complete or wait for further confirmation before going short. Stops would be above the Structure's X point.

Target 1: 111.68
Target 2: 110.31

Take note that there could be chance for us to go LONG but personally i wont take any long positions right here. Ill just wait for the potential reversal of the market from uptrending to downtrending one. Trade with care and good luck!

تعليق:

Potential Market Directional Bias.

تعليق:

If you have taken the bear Setup. TP 1 is already hit. We can now manage to take some into profits and put our SL to breakeven for a risk-free trade. Aiming for TP 2 and for the extended down on a potential bullish setup.