EURUSD - 240M LONG - CYPHER - ADVANCED PATTERN - STRUCTURE
Hi All, I wanted to share this pattern here on the 4H EURUSD
Setting up we have a potential CYPHER - obviously some ways to go as we are not yet below B LEG
However in saying this we all know how quick we can see movement and if not in front then we miss many opportunities.
As Always - Entry Green Line - Stops Red Line
Targets will be just below so we get targets hit - 38.2% after D Completion so make sure if you trade these patterns to always bring targets down with the D Leg Completion. Target 2 is 61.8%
Good signs of Previous Support if we get there - If we come down to retest B Leg and continue upwards there will be a Head and Shoulders Pattern for those who trade them.
I will watch this pair and see how price goes in the next few days.
Good Luck and Happy Trading
Setting up we have a potential CYPHER - obviously some ways to go as we are not yet below B LEG
However in saying this we all know how quick we can see movement and if not in front then we miss many opportunities.
As Always - Entry Green Line - Stops Red Line
Targets will be just below so we get targets hit - 38.2% after D Completion so make sure if you trade these patterns to always bring targets down with the D Leg Completion. Target 2 is 61.8%
Good signs of Previous Support if we get there - If we come down to retest B Leg and continue upwards there will be a Head and Shoulders Pattern for those who trade them.
I will watch this pair and see how price goes in the next few days.
Good Luck and Happy Trading
