A possible bearish Cypher pattern

Following a possible cypher pattern in the hourly. Gold bounced from 1180 and reversed with strength. Expecting a bullish movement next week. Lets see if it completes.

Trade aktif:

Entered at 1213.7 because of the long candlesticks near the completion pattern. It was a warning sign of a potential continuation of the upside move. SL: same at 1217.9, PT1: 1208.1, PT2: 1205.8

www.tradingview.com/...r3zT-Cypher-pattern/

Komentar:

I just realized that I used the wrong chart...the numbers are for XAUUSD chart, not GC1!

Komentar:

First target achieved, using /GCG7 in TDAmeritrade. Moved SL to breakeven at 1213.7

Trading ditutup: target tercapai