A Bullish Cypher patter forming on EUR/USD
EUR/USD has been ranging from the beginning of 2018. The market has been contracting in a Symmetrical Triangle. It is possible the complex corrective wave is a bullish Cypher pattern but when it hits the PRZ further price action + volume analysis would give a clearer picture.
Cypher Ratios are:
XD Retracement: 78.6%
AB Retracement: 38.2-61.8%
BC Extention: 113.1-161.8%
I usually look for a structure to determine Stop Loss
and take profit. Look for a Risk: Reward of 1:2
Cypher Ratios are:
XD Retracement: 78.6%
AB Retracement: 38.2-61.8%
BC Extention: 113.1-161.8%
I usually look for a structure to determine Stop Loss
and take profit. Look for a Risk: Reward of 1:2
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