Potential Bullish Cypher on GER30
Trade Based on your rules. the Lows saw a good rejection at the levels of D completion earlier in the day. the overall price is still in bearish trend on daily and larger timeframes. But this would be the levels for countertrend trading that would make this cypher come to life.
Risk rewards on cyphers are not usually great anyways, and in this case, the exact profit target would have to be determined based on wehre the D leg completes ( if and PA goes down )
Note. this will not be a loner term trade.
Risk rewards on cyphers are not usually great anyways, and in this case, the exact profit target would have to be determined based on wehre the D leg completes ( if and PA goes down )
Note. this will not be a loner term trade.