surefire-ltd

Bearish cypher in play

Short
FX:EURGBP   Euro / British Pound
Bearish cypher which triggered today. This looks like a nice trade at the moment, completion also is found around previous structural levels which adds further credibility to the pattern. RSI moves towards oversold but didn't quite move enough to perfect levels. Targets set using a fib retracement, T1 @ 0.382 T2 @ 0.618. stops set at a 1.113 extension of A-X.

Happy trading !
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