Bearish Cypher Pattern - AUDNZD H4

31 Tem 2018

*Apologies for posting this one late as well. Cypher Pattern ALREADY reached TP 1 at 382 Retracement of CD Leg. Took profit and moved SL to BE.

If you missed the first entry, can TRY to re enter at price of B.

SL = D Point (can also do 10 pips above D).
Target 1 = Still would be 382 retracement of CD Leg.
Target 2 = Still 618 retracement of CD Leg.

1 Ağu 2018

Not

If you did re-enter at B, you should have hit your target 1. Move SL to BE, close out Half of your position, and let the remainder run to Target 2.