Euro / U.S. DollarShort
EUR.USD - Short Opportunity 1.0917
Updated
On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.0917 & 1.0932
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 at around 1.0870
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0895
Target 2 - 1.0881
The price reversal zone on this pair is between 1.0917 & 1.0932
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 at around 1.0870
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0895
Target 2 - 1.0881
Note
Please Note:Although this is a valid setup, trade with caution as we are on a lower TF.
I personally have both long and short opportunities on this pair into this evening.
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