Euro / British PoundShort
EURGBP: Next week bearish cypher?
I'm preparing for next weeks possible trades and it looks like we are heading into a bearish cypher pattern at EURGBP. Target 1 is around 0.618 retracement of CD leg, target 2 at 0.5 retracment of CD leg … Maybe it's also possible that it will go into 0.382 retracment but as there was recently a strong pull back from 0.5 retracement, I rather expect strong support around this area and maybe price will bounce off of 0.5 retracment back going upwards.
EURGBP. Target 1 is around 0.618 retracement of CD leg, target 2 at 0.5 retracment of CD leg … Maybe it's also possible that it will go into 0.382 retracment but as there was recently a strong pull back from 0.5 retracement, I rather expect strong support around this area and maybe price will bounce off of 0.5 retracment back going upwards.
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