Nico.Muselle

EURGBP - Back to back patterns - Bear Cypher

Short
FX:EURGBP   Euro / British Pound
While I am still grabbing pips from the previous trade I posted ( a bullish bat pattern, see link below), a new pattern is taking shape. A bearish cypher can complete around 0.7130.

If price action reaches the red zone, I will look for a sign to stop and reverse the trade, so at this moment I cannot give you an exact entry point. Stop Loss would go above 0.7160 and targets would be the 38,6 and 61,8% retracements of the CD leg of the cypher pattern.

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www.tradingview.com/u/Nico.Muselle/

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