Alex_BPTrader
Short

EURUSD - Bearish Cypher

FX:EURUSD   Euro Fx/U.S. Dollar
+++ Don't forget to LIKE & Follow+++The bullish moves seems to be losing some steam - after the NSH             price is moving lower. Thanks to the recent move, there is a potential Bearish Cypher Formation - that will be a nice counter trend opportunity.
Targets are conventional but if all is aligned the right way there is another potential pattern - Bullish Bat Formation that is in the direction of the trend - so you can shoot your 2nd target right @ the entry level of that Bullish Bat.
Entry @ 1.1365
Stop @ 1.1390
Initial Target 1 @ 1.1341
Initial target 2 @ 1.1326

Good Luck!

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-Alex
Professional Currency Trader & Mentor
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