EURUSD: Bullish cypher pattern
Hi traders,
On the EURUSD 4H chart we have a potential bullish cypher pattern forming. One of the rules for this pattern is that point C may not close beyond the 141.4% Fibonacci extension of the XA-leg. This point is marked as the black line in the chart.
Entry: 1.03828
Stop: 1.02793
Target: 1.05875 = R:RR 1.98
Good luck guys!
On the EURUSD 4H chart we have a potential bullish cypher pattern forming. One of the rules for this pattern is that point C may not close beyond the 141.4% Fibonacci extension of the XA-leg. This point is marked as the black line in the chart.
Entry: 1.03828
Stop: 1.02793
Target: 1.05875 = R:RR 1.98
Good luck guys!
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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.