Alex_BPTrader
Long

EURAUD - Bullish Cypher

FX:EURAUD   Euro Fx/Australian Dollar
+++ Don't forget to LIKE & Follow+++I've been watching EURAUD's Bullish Cypher Formation, but I couldn't get in - the stop loss will be more that what my trading plans allows.
I was looking for an entry level and today I get what I was waiting for - with even better price entry.
If you look left you will see that since the middle of June we are in a chop - price is constantly breaking structures to upside and downside, and while some trades can't stand sideways move, others simply love it(me too), because patterns are thriving in the chop.
Stops are below X leg and targets are conventional look the structure zone for you 2nd target(purple arrows).
Entry @ 1.4527
Stop @ 1.4477
Initial Target 1 @ 1.4673
Initial Target 2 @ 1.4764

Good Luck!

-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
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-Alex
Professional Currency Trader & Mentor
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