EUR/GBP - Bullish Cypher
Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this looks very promising and it has an amazing risk:reward.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area, I'll be expecting a spike below our D point to hit support, completing our pattern then a sharp move to the upside!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area, I'll be expecting a spike below our D point to hit support, completing our pattern then a sharp move to the upside!
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.