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Sturcture

EURUSD Bearish Bat PatternPotential Bat Pattern on the EURUSD with the finishing point at D, the 0.886 of the X to A move and a 1.618 extension of the A to B move. The area also lies on a strong previously tested price of support and resistance. On the lower 1 hour time frame we can also see strong RSI divergence taking place. Stops are going one ATR above previous structure, with targets set at a 0.382 retracement of the C to D move. The reason why stops are set here is because I want to follow a conservative approach in this trade. Price action has been setting higher highs indicating bullish bias, plus a 0.618 target would mean that price action would have to break below numerous support levels.
Short
by CarlosPM
Bullish Cypher on EURUSD Heading Into NFP!There is a potential bullish cypher on the EURUSD that will complete at 1.05780. Now this probably wont get filled until the jobs number comes out, but if you trade during the NFP you might have a potential opportunity here. Minimum stops as always must be under X at 1.05668 with target 1 around the 38.2 fib retrace at 1.05935 and target 2 at the 61.8 at 1.06032. If you want to see some more ideas such as this one, tune into the live trading room today. Here is the link: youtu.be Good luck and good trading
Long
by tommyb35