H1/H4 - LONG on a pattern trade and OB setup..

An opportunity to long/buy here with a possible double pattern confluence of Gartley and Cypher. To have a valid Cypher price must retrace atleast 61.8% of the Cypher's XC leg and must not retrace atleast 78.6%. If it does, it would invalidate the possible bull gartley setup that would be a possible confluence to a potential bull Cypher setup. Trade with care and at your own risk.

Kommentar:

Setup complete. Now we could wait for confirmation to long or aggressively long with 1:1 RRR as seen above.

Kommentar:

A divergence has been formed on the H1 and H4.

Trade geschlossen: Stop wurde erreicht