Here on the 1hr chart of the EURUSD we have a situation that i really like. We have a bearish and a bullish cypher pattern setting up. The reason i really like this situation is because no matter what the market decides to do i have an opportunity to trade my plan and possibly make a profit. With these patterns entry will be on the D- leg as shown on the chart and stops will go above X- leg, profit target will be around a .382 fib retrace.
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.