Bearish cypher pattern on 4H and 1H

20 בינו׳ 2017

An interesting bearish cypher setup with two possible entry points based on where I might set my stoploss. I could enter at D completion with a stoploss above X but if I take previous structure into consideration then I would need to wait for price to close above 116.161 level in order to take this trade. I do not think i could take the 113 inverse extension because it sits just under that previous resistance level.