Cypher pattern yet to complete. Currently has resistance at the .618 fib, and has formed a double top there. If it breaks the resistance the sell target is 6.1671.
Interesting to see how the Yuan behaves with patterns, and the risk is quite high as spreads on the Yuan are typically high
The trade would be:
Sell at 6.1671
SL at 6.1840
First Target 6.1548
Second Target 6.1374
So 2 trades, if first target reached bring SL to zero on second trade.
Interesting to see how the Yuan behaves with patterns, and the risk is quite high as spreads on the Yuan are typically high
The trade would be:
Sell at 6.1671
SL at 6.1840
First Target 6.1548
Second Target 6.1374
So 2 trades, if first target reached bring SL to zero on second trade.