TradingView
erikarter
Apr 8, 2019 1:43 PM

Bearish Cypher on EUR/USD (1 Hour chart) Short

Euro Fx/U.S. DollarFXCM

Description

Cypher Pattern
32,8 Fib Retracement
Confluence of 141,8 and FIB extension and 161,8 Fib Inversion
RSI overbought
AB=CD movement

Be aware we have a Inverted Head and Shoulder Pattern so we can expect only a pull back to 32,8 Fib of the last movement (Orange Zone)

Trade active

Trade closed: target reached

More