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Carlos_LL

CYPHER PATTERN FORMING ON EURGBP CD LEG OPPORTUNITY

Long
Euro / British Pound (FX_IDC:EURGBP)  
Carlos_LL Updated   
FX_IDC:EURGBP   Euro / British Pound
Cypher Fibonacci Harmonic Patterns structurebasedtargets
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cypherpattern fibonacci harmonicpatterns structurebasedtargets
A Cypher forming on 1 Hour chart EURGBP, CD leg bouncing off previous structure with RSI favoring a long position. 3 targets to previous structure levels until the completion of the CD leg. The stop loss is placed at the 1.414 extension of the AB leg since, if broken, that would invalidate the pattern.
Comment:
Unfortunately the pattern will not finish up. So much for that shot.
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