Setup #1 is Potential bearish Cypher pattern and setup #2 is with my simplified TCT (trend continuation strategy). Entry, SL, TP together with trade management as seen in the chart.
Legends:
Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red line: Stop-loss order
Green line: Target profits
Red dash line: Setup point of ruin (POR)
Trade with care.
Legends:
Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red line: Stop-loss order
Green line: Target profits
Red dash line: Setup point of ruin (POR)
Trade with care.
TCT Is already invalid and there's an update for the Cypher APF short trade.