Got a potential Bearish Cypher Pattern on the 15min chart here. Will keep an eye on it, and if completed, I will roll my stops down to break even if the 0.382 fib is met, and then shoot for the 0.618 to try to get that better than 1:1 ratio.
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If you are one to front run your orders by a couple pips, you would have been filled and reached Target 1... For the purpose of what's on the chart though, I will just keep it open for now, and see if it comes back all the way to the "D" point without invalidating the leg.