Good evening Traders,
The market is presenting us with a nearly completed alternative bullish cypher (C completion is taken from the 1.13 extension of XA). I personally prefer this variant of the cypher as I find it gives me a better R/R and slightly higher strike rate. The pattern completion is in confluence with minor inside structure, however, it is against the trend. Stops, entries, and initial targets are indicated on the chart.
Thanks,
---P.S.