5-0 Pattern completion at 1.6342 (50%) with prz down to 1.6309 (61.80%). To invalide the Bull Setup Candle must break and close below the 61.80%. So if we long right here technically our stops would be below 61.80% And we can go and have fixed targets. Targets that could be base on Risk:Reward ratio or could be base on structure.
5-0 Pattern PRZ - 1.6309 - 1.6342. Stops Would be below 61.80% TP1: 1.6460 TP2: 1.6558 and could follow through for like a trend continuation.
Trade geschlossen: Stop wurde erreicht
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Take note that setup is already invalid. But we got another analysis on this market. Check out right here.
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As you can see it did hit our potential daily/weekly trendline with a cypher pattern completion.