As mentioned previously, we have now completed the bullish cypher on EURUSD and as such have two targets, the 38.2 and 61.8.
If missed initial entry or after a more conservative entry, we have a Double Bottom forming which may lead to a LONG opportunity with valid P/L at the 61.8 retracement.
Issues may include, breaking structure and lack of RSI divergence for Double Bottom, and also psychological number.
May be possible to wait for a 2618 for higher or once structure had been broken at 1.09 even.
Interested to see how this pans out for larger pattern trade potential.
Thoughts?