EUR.AUD - BULLISH CYPHER SETUP - 1.4380
Updated
On the EUR.AUD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4380 & 1.4291
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4640
Stop loss would be placed below X leg structure support .
Target 1 - 1.4509
Target 2 - 1.4590
The price reversal zone on this pair is between 1.4380 & 1.4291
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4640
Stop loss would be placed below X leg structure support .
Target 1 - 1.4509
Target 2 - 1.4590
Note
Note
Price is now approaching D leg completion.Note
Note
EUR.AUD - D leg completion.Note
Bullish RSI DivergenceNote
A break and close above 1.4437 should be a strong indication of bullish momentum and a potential target 1 if this trade was taken.Note
Price is now approaching target 1 if you entered at 1.4380
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