Morning traders!
1D Chart
Here is a great longterm setup with possibly multiple positions that can be taken here.
Currently we a "Bearish Cypher Pattern" with great support and resistance confluence
I built the "Cypher Pattern" on a Daily chart.
My tolerance for risk is very high on this setup.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note: I'm not to concerned about my entry as my stops will be above previous structure high.
1D Chart
Here is a great longterm setup with possibly multiple positions that can be taken here.
Currently we a "Bearish Cypher Pattern" with great support and resistance confluence
I built the "Cypher Pattern" on a Daily chart.
My tolerance for risk is very high on this setup.
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
Note: I'm not to concerned about my entry as my stops will be above previous structure high.
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