EUR.USD - BEARISH CYPHER SETUP - 1.0757
On the EUR.USD Daily 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 1.0757 & 1.0871
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 1.0400
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0597
Target 2 - 1.0498
The price reversal zone on this pair is between 1.0757 & 1.0871
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 1.0400
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0597
Target 2 - 1.0498
Note
4hr setup still available.
Note
Have a good weekend traders!Note
This is one setup I will be watching into the middle of this week.Note
Cypher D leg now complete, a short opportunity is now available.Note
A pullback is expected before a push lower into next week.Note
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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.
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.