EUR.GBP - BULLISH CYPHER SETUP - .8360
On the EUR.GBP 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between .8360 & .8304
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into the .8537 resistance level
Stop loss would be placed below X leg structure support.
Target 1 - .8440
Target 2 - .8490
The price reversal zone on this pair is between .8360 & .8304
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into the .8537 resistance level
Stop loss would be placed below X leg structure support.
Target 1 - .8440
Target 2 - .8490
Comment:
Price action is approaching the D leg at .8360
Comment:
Bullish RSI divergence has now formed.
Comment:
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
Comment:
Market open.
Potential live entry if your plan allows you to take the position at .8360
Potential live entry if your plan allows you to take the position at .8360
Comment:
EUR.GBP is still available for a long entry.