Bearish Cypher Pattern
EUR/USD:
1. Fiber has been rejected by the 0.786 Fibonacci level completing a Bearish Cypher Pattern.
2. A Rising Wedge serving as a confluence factor.
3. Price action confirmation at breakout of the wedge.
4. SL at Invalidation Level
5. TP1 at 0.382 level
6. TP2 at 0.50 level
1. Fiber has been rejected by the 0.786 Fibonacci level completing a Bearish Cypher Pattern.
2. A Rising Wedge serving as a confluence factor.
3. Price action confirmation at breakout of the wedge.
4. SL at Invalidation Level
5. TP1 at 0.382 level
6. TP2 at 0.50 level
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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.