Bearish Cypher

Hello once again folks, here we have a nice Bearish Harmonic Formation close to complete, and also inside the PRZ we have the Resistance Line crossing it, so it's a pretty simple opportunity but can provide us an amount of profits, the Resistance Line it's really strong and I believe that it's going to be tested by the price and that combination with the HP can take the price down one more time, let's wait to see and possibly trade it.

Rules:
1. Harmonic Pattern Completion - 83% Complete and Waiting;
2. PRZ Hit- Waiting;
3. PRZ Test - Waiting;
4. Resistance Line Test - Waiting;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign - Waiting;
7. Risk Management - Applied;
8. Risk / Reward - 1/3;


" Trading doesn't just reveal your character,
it also builds it if you stay in the game long enough."
Yvan Byeajee

Pips Hunters Forex

Yorum:

Okay the HP it's completed and also the PRZ and the Resistance Line are being tested at this time, here we must wait for the other points so we can see possible opportunity to get short here!

Yorum:

Candlestick pattern: Double top and then a sign of downtrend et's wait for a clear confirmation sign so we can trade it!