Possible Bearish Cypher Pattern Developing EUR/GBP 4hr chart

FX:EURGBP   Euro / British Pound
222 0
Euro in a downward channel with the GBP. 76% fib of the Cypher completion leg should be on the trend line . Previous areas of support/resistance can be found at this level also. The Stoch is starting to show signs of divergence.

Plan: If price manages to break the 61.8 fib, a short order placed at 76 fib with stop above the X leg.


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