Apple22
Long

EURUSD CYPHER Pattern on Daily chart

FX:EURUSD   Euro / U.S. Dollar
272 3 0
And I totally missed it on Thursday when it completed
Well I been studying a little more than usual. This EURUSD             not playing by the rules (as I knew ) made me realize I have to Play harder. studying and learning more about market behavior.
ANYWAY,
Cypher pattern formed on Thursday and we have a Green bar on Friday already.
Bollinger Band buying rules is apply.
Now On 4H Time frame there is a possibility of retouching the Lower band / Daily Support line.
My Trade
Buy on Shorter Time frame ON open
Stop loss below 1.2357 (-15-20 pips)
if it comes back and retouch 1.2357 I will add another buy order @ 1.2360-1.2365 with
STOP LOSS @ 1.2357 (-15-20 pips)
TARGET Middle band
keep one open with tight Stop loss (15-20 pips below middle band)
target upper band
Good Luck to you ALL.
except it's not really a cypher pattern...
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Good catch my friend. I have to stop drinking (wink wink)
Reply
cypher? or butterfly?
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