This is what is feels like to have two opportunities to capitalise on whatever way the market moves!
My underlying bias is bearish but the 1.25 Support level is going to be difficult to break!
Still, we have got room to push down to that level so a short is not out of the question and is in the underlying trend.
I enter all Advance pattern Trades. This Cypher has just less than 1:1 risk reward so will be looking in the morning to see if i can get a better entry
The short trade, if completes with double top and bearish divergence will have CTS Score 4 and will have the better of the R:R.
My underlying bias is bearish but the 1.25 Support level is going to be difficult to break!
Still, we have got room to push down to that level so a short is not out of the question and is in the underlying trend.
I enter all Advance pattern Trades. This Cypher has just less than 1:1 risk reward so will be looking in the morning to see if i can get a better entry
The short trade, if completes with double top and bearish divergence will have CTS Score 4 and will have the better of the R:R.