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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